Market Movements: Bitcoin’s Climb
On this fine Tuesday, Sept. 3, Bitcoin (BTC) has continued its impressive journey toward that elusive $11,000 mark. After hovering around $10,300 for quite some time, Bitcoin has decided to show some sass and is currently frolicking at approximately $10,718 — that’s up a nimble 2.9% on the day, according to the latest from the Crypto Universe.
BTC Dominance: The King is Back
It seems Bitcoin is not content with just being a cryptocurrency; it’s aiming for royalty status! With Bitcoin dominance rising to 70.5%, one can’t help but channel their inner drama queen while watching this majestic rise. Max Keiser, a former Wall Street trader and relentless crypto bull, confidently stated that Bitcoin dominance might soar to 80%. Who knew the world of crypto could be this dramatic?
The Altcoin Scene
While Bitcoin does its frothy dance, what’s happening with the altcoins? Let’s take a quick peek:
- Ethereum (ETH): The sturdy second-in-charge is experiencing minor growth of 1%, trading at a modest $181.
- Ripple (XRP): This one is as steady as a rock with an increase of 0.1%, currently priced at $0.263.
- Huobi Token (HT): The life of the party is showing off with gains over 4%, valued at $4.11.
- Tezos (XTZ): Unfortunately, this poor soul is suffering a 4% drop, now at a painful $1.
Whale Alert: Making Waves
In a fun twist, Whale Alert — a real-time tracker of crypto transactions — reports that Ripple moved a whopping 500 million XRP tokens from its escrow wallet, which equates to a staggering $130.1 million. Talk about making a splash!
Market Capitalization Snapshot
As of now, the total cryptocurrency market capitalization is sitting comfortably at around $271 billion, with Bitcoin swaggering through with a 70.5% share. It seems the king of crypto has no intention of sharing the throne just yet!
