Cryptocurrency market started the #week with an impressive #rally, rising from $120.91 billion to as high as $126.391 billion in a day.
At 0900 UTC, the global crypto #market cap was valued at 126.30, up 4.45% from Sunday’s low, with all the top 10 coins trending into their green #territories. Bitcoin, the index’s leading cryptocurrency, posted 3.01% gains according to 24-hour adjusted #timeframe calculated by TradingView.com. Ethereum, the second largest #cryptocurrency, did better by surging 10% within the same time.
Bitcoin Cash, the Bitcoin-clone project led by #RogerVer, was the second-best performing cryptocurrency in the top ten. It rose more than 7% per the 24-hour adjusted #timeframe. #Stellar and #XRP, within the same time, surged close to 2.80%. The #Ethereum competitor #EOS jumped more than 3.5%.
The least performing cryptocurrencies in the past 24 hours were #Litecoin and Tron. While Charlie Lee’s brainchild rose by a modest 1.16%, the Justin #Sun project’s native coin posted 0.08% profits.
US-CHINA TRADE WAR
The return of the crypto bulls coincides with positive developments in the #global financial markets. With the trade talks between the US and China continuing this week in #Washington, both the economies are looking to conclude the so-called “trade war” on a positive note. #USPresident Donald Trump said that they would remove tariffs on China once if they come closer to having a “having a real trade deal” with #Beijing.
The announcement followed with a soaring #Asian market response. Mainland Chinese shares posted more significant gains on #Monday, which also prompted stock markets in the region to advance. Stock markets in #Japan, #Australia, #SouthKorea, and Singapore also closed #Monday on a positive note.