Tuesday Sept. 3 — Bitcoin (BTC) continues to eye the $11,000 price mark, while most altcoins are registering minor gains on the day.
Market visualization. Source: Coin360
Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At press time, the number one cryptocurrency is trading at $10,718, up 2.9% on the day, according to data from Coin360.
Bitcoin 24-hour price chart. Source: Coin360
Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hits 70.5%. Cointelegraph reported at the beginning of August that crypto perma-bull and former Wall Street trader Max Keiser recently claimed that Bitcoin dominance is heading towards 80% and that altcoins are dying, and will “never come back.”
The number-one altcoin, Ether (ETH), is showing a minor uptick of 1% is currently trading at $181 per coin.
Ether 24-hour price chart. Source: Coin360
Ripple’s XRP token continues to trade steadily and is showing a minor gain of 0.1%. At press time the world’s third most popular coin is trading at $0.263.
Cointelegraph reported today that according to Whale Alert, a live tracker for cryptocurrency transactions, the Fintech startup Ripple has just moved 500 million of its native XRP tokens (around $130.1 million at press time) from its escrow wallet to Ripple.
XRP 7-day price chart. Source: Coin360
Major losers and gainers among top-20 altcoins
Among the top-20 cryptocurrencies by market capitalization, Huobi Token (HT) is showing the biggest gains on the day, up over 4% to trade at $4.11 at press time. Bitcoin Cash (BCH) is the second-best performer in the top-20 altcoins, showing gains of just under 4% to trade at $304 per coin.
The worst performing top-20 altcoin is Tezos (XTZ) with a loss of -4% on the day. One Tezos is now being traded at $1 per coin.
Overall cryptocurrency market capitalization currently sits at $271 billion, with BTC’s share accounting for 70.5% of the total.