Bitcoin [BTC] shoots above 8k after massive 4.83% pump in an hour; Litecoin [LTC], EOS follow suit

Prices of major cryptocurrencies took a u-turn after Bitcoin [BTC], the largest cryptocurrency in the world, pumped by a massive 4% in an hour. This pump led the king coin to briefly touch $8k, before falling back to the $7k mark

Bitcoin [BTC]

Source: Trading view

The coin was in a slump after first plunging under the $8k mark and since then, it has been trying to rally above $8k. At press time, Bitcoin had breached the $8k mark and was trading at at $8,039. The market cap of the coin was noted to be $141 billion, with a 24-hour trading volume of $19.204 billion. As per the data collated by CoinMarketCap, the coin fell by 6.68% over the past week, but started to ride the bullish wave over the day and continued to rise by 4.83% in an hour.

Litecoin [LTC]

Source: Trading view

At press time, LTC had pumped by a massive 11.24% in an hour and was trading at $124.22, with a market cap of $7.721 billion. The 24-hour trading volume of the coin was noted to be $5.039 billion, as it surged by over 6% over the day and 10.51% over the past week.

This pump resulted in Litecoin [LTC] setting a new high for 2019 and re-visiting the high of June 2018. Since then, the coin plunged by over 80% and was valued at $23, before its price pushed up in 2019.


Source: Trading view

EOS followed LTC and BTC’s lead and surged by 6.07% over the hour. It was trading at $6.43, at press time. The market cap of the coin was reported to be $5.88 billion, while the 24-hour trading volume was noted to be $2.51 billion. Over the past seven days, EOS had plunged by 13.04%, but recovered from it over the day.

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