Crypto Market Watch April.8: Market Cap Records 5-Month High At $185 Billion

The cryptocurrency market has seen yet another weekend trading in the green, as its total market capitalization reached $185 billion for the first time since November 2018. Bitcoin manages to hold strong above $5,000, testing the significant resistance at $5,300. Meanwhile, Bitcoin Cash (BCH) has managed to unseat Litecoin (LTC) as the fourth largest cryptocurrency in terms of market capitalization.

The total market cap is currently $183 billion | Bitcoin’s market cap is $92 billion | BTC Dominance stands at 50.7%.

Major Crypto Headlines

CME Bitcoin Futures Surge Following Bitcoin’s Price Increase in April

Bitcoin future contracts of CME Group saw a record trading day on April 4th. With a total of more than 22,500 contracts, this is the firm’s all-time high volume as of yet. This marked a 950% increase since April 1st. The surge followed Bitcoin’s recent rally.

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CME

G20 Looking to Establish Cryptocurrency AML Regulations in June

According to the report, G20 member countries will be meeting in Japan in order to discuss international cryptocurrency Anti-Money Laundering (AML), as well as Counter-Terrorism Financing Regulations in June in Fukuoka, Japan.

Russia’s Gas Giant Gazprom to Start Executing Business Contracts on a Blockchain

The world’s largest publicly listed natural gas company – Russia’s state-owned Gazprom could soon start using blockchain technology in order to execute and monitor business contracts. The news was announced by the company’s CEO Alexey Miller at a meeting with Dmitry Medvedev – Russia’s prime minister.

Market Most Significant Gainers and Losers

VestChain (+66.38%)

VestChain (VEST) is the biggest gainer throughout the last 24 hours, marking an increase of around 66.38% at the time of this writing. The coin is sitting on a market cap of about $79 million. The cost of 1 VEST token is currently around $0.011. The VestChain is touted as a next-generation blockchain platform aimed at supporting smart contracts, as well as machine learning services.

Verge (+17.10%)

Verge (XVG) is currently the 48th largest cryptocurrency, sitting on a market cap of about $171 million. At the time of this writing, verge is trading at $0.010, which marks an increase of about 17 percent throughout the past 24 hours. In the past few days, Verge announced the addition of a few sponsors, which might be among the reasons fueling the recent spike.

Bytom (-8.57%)

Bytom (BTM) wasn’t fortunate enough to record gains in the last 24 hours. The cryptocurrency is down about 8 percent, currently trading at around $0.13. Its total market capitalization is around $139 million. Bytom provides an infrastructural digital asset layer protocol for peer-to-peer financial and asset applications.

The post Crypto Market Watch April.8: Market Cap Records 5-Month High At $185 Billion appeared first on CryptoPotato.

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