[2019-05-25]Bitcoin Holds Over $8,000 as Top Altcoins See Minor Losses

[Vladdirescu87]

Saturday, May 25 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,000 mark, with minor gains on the day.

Bitcoin is a fraction of a percent up on the day, trading at $8,025 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up about 9.4%.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.6 billion. The second-largest altcoin, XRP, has a market cap of $16.2 billion at press time.

https://cointelegraph.com/news/bitcoin-holds-over-8-000-as-top-altcoins-see-minor-losses

[CryptoBry]

Seems like bitcoin is taking some rest in the $8,000 zone and many analysts are looking at it with some approving eyes. There is a big chance that days from now as we are entering the month of June, bitcoin can be saving all of its energy and might for the next battle ahead and that is going to $8,300 to $8,500 level. The overall market sentiment remains bullish for bitcoin and the expectation is that it should be able to breach the $9,000 area before the end of June. So far, this is one of the best bull run I am seeing no need for rush but definitely our star is staying on the game.