The cryptocurrency markets grow while the Bitcoin domain decreases

Today, the cryptocurrency markets continued to rise, with Bitcoin (BTC) experiencing stable growth during the day.

Out of the 20 main cryptocoins by market capitalization, only two currencies are in red, at the close of this edition. In the last 24 hours, Tezos (XTZ) fell around 5.7 percent, while Cardano (ADA) fell around 0.9 percent.

The main cryptocurrency, Bitcoin, has risen 1.4 percent throughout the day, trading at USD 4.800, at the time of publication. In the last 7 days, Bitcoin has risen more than 3.5 percent, with an intra-weekly minimum of USD 4,200, while the highest intra-weekly threshold reached USD 4,800.

Ethereum (ETH), the second largest cryptocurrency by market capitalization, rose around 0.6 percent to trade at USD 142.3 per currency. The main altcoin has also risen around 4.5 percent in the last 7 days.

Ripple (XRP), is consider the third largest cryptocurrency in the market capitalization. It has risen 0.8 percent in the last 24 hours, trading at USD 0.312, at the close of this edition. The currency has risen 1.8 percent in the last week.

Among the 20 main currencies by market capitalization, Monero (XMR) and Dash (DASH) are experiencing the greatest growth in the last 24 hours. The altcoin focused on privacy Monero has risen more than 8.3 percent, while Dash has risen around 8 percent.

After reaching USD 148 billion on the first days of April, the total capitalization of the market was reduced to USD 145 at the close of this edition. The volume of daily trade has increased slightly from yesterday’s levels, which currently amount to USD 32.8 billion.

While the crypto markets have continued to grow, Bitcoin’s market share has declined even more. In the last 30 days, the Bitcoin domain decreased from 51.9 percent to the current 50.1 percent, which represents around USD 73 billion. Throughout the day, the Bitcoin domain rate fell from 50.14 percent to 50.09 percent.

The Cointelegraph informed that the Pakistani government was developing a new regulatory framework on cryptocurrencies after banning the cryptocurrency trade in April last year.

In the first days of April, the Indian Coindelta cryptocurrency exchange officially announced its closure in the middle of a climate of adverse operation for cryptocompanies in the country. Founded in 2017, Coindelta said there were severe restrictions on banking services for companies related to cryptocurrencies in India, which made the business of the company economically inefficient.

Meanwhile, today, lawmakers in the United Kingdom will hold a series of votes in Parliament to agree on an alternative to the Brexit agreement of Prime Minister Theresa May. The UK now has about two weeks to make a decision on the Brexit process and weigh the risks of leaving the European Union without an agreement on April 12. According to CNBC, May could submit his retirement agreement to a fourth vote on Tuesday.

Recently, Reuters conducted a survey of more than 100 economists that show that US Federal Reserve interest rates will remain in the current range of 2.25 to 2.50 percent until at least the end of 2020.


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