The top ten coins by market cap are mostly in the green today, as markets make a tentative recovery following their significant dip[1] earlier this week, Coin360[2] data shows.
Bitcoin[3] (BTC) hit $9,500 at one point in early trading hours this morning. The coin is currently holding ground, hovering around the $9,250[4] mark, with a value gain of less than 1 percent over 24 hours to press time.
Ethereum[5] (ETH) is down slightly, after being over 5 percent in the green yesterday, April 28, now trading around $674[6], down about 0.5 percent as of press time.
Of the top ten coins on Coinmarketcap[7], Cardano is making the strongest gains, up over 10[8] percent, with its total market cap brushing $10 bln earlier today .
EOS has also seen a healthy rise of over seven percent in the same 24 hour period, trading around $20.22[9] to press time, indicating that the markets are continuing to respond positively to the pre-release of its Blockchain scalability platform EOSIO Dawn 3.0 on April 6[10].
Total market cap is currently around $425 bln[11] to press time, according to data from CoinMarketCap, with BTC dominance at 37%[12].
Ran Neu-Ner, host of CNBC’s CryptoTrader, compared this morning’s healthy outlook with early January’s bullish markets:
Market just hit 50% of the ATH in Jan. On that day BTC was at $17500 and had a lower dominance than today! pic.twitter.com/l7xuEPnF8L[13]
— Ran NeuNer (@cryptomanran)
Mid to long-term crypto market sentiment remains bullish, particularly among VC investors[15]. The CEO of crypto hedge fund Pantera Capital, forecast that
