Connect with us

News

Top Gainers: Tezos [XTZ], Bitcoin Cash [BCH] and Litecoin [LTC] surge as collective market turns green

Avatar

Published

on

Top Gainers: Tezos [XTZ], Bitcoin Cash [BCH] and Litecoin [LTC] surge as collective market turns green
Source: Pixabay

Bitcoin’s [BTC] early-April price rally met its first obstacle last week when a market correction dragged the top coin below $5,200 and the global coin market cap under $180 billion. Now, it seems like the bears have backed off, with the market trading in green with a few coins spearheading the bullish charge.

Source: Trading View

Tezos [XTZ], was the only coin that amassed a double-digit increase, while its competitors edged the US dollar minimally. Closing the previous week on a high, the 16 largest cryptocurrencies had a slew of announcements that contributed to the rise. Tezos’ Athens second round of voting was complete, node management improved, data fetching was updated via Conseil and the Tezos board saw a restructuring.

During the weekend, Tezos saw a massive increase in its price from $0.96 by 16.66 percent to break $1 ceiling and reach $1.12, within nine hours. The same period saw a massive $150 million top-up to the Tezos market capitalization. Given this rapid and massive rise, the coin overtook both Neo [NEO] and Ethereum Classic [ETC] on the coin ladder.

Gate.io takes the top spot in terms of XTZ trade volume, accounting for 17.98 percent of global trade via the trading pair XTZ/USDT. Other notable exchanges on the list are BitMax, Bitfinex, and Kraken.

Source: Trading View

Bitcoin Cash, has been riding a bullish wave isolated from the collective market surge, which has allowed the BTC hard fork to jump two spots ahead, overtaking EOS [EOS], and Litecoin [LTC]. Last week, the Singapore exchange Huobi integrated Bitcoin Cash on the exchange’s derivative market allowing investors to take a short or long position with the crypto. This addition saw BCH join the likes of BTC, Ethereum [ETH], Litecoin, EOS, and XRP, on Huobi DM.

The price of BCH, which is already enjoying quite an upswing was further buoyed by the aforementioned announcement. Beginning at 0500 UTC on April 14, the price began to move from $278 and was rising by 8.63 percent to break the $300 barrier. The market cap of the coin added over $500 million since the rise began, increasing the lead on Litecoin. As things stand, BCH edged up the dollar by 9.5 percent in a 24-hour window.

OEX takes the top spot in terms of BCH trade volume, accounting for 16.17 percent of the global volume via the BCH/USDT trading pair. Other prominent exchanges on the list are OKEx, CoinBene, and Huobi Global.

Source: Trading View

Digital Silver trailed Bitcoin Cash and Tezos by exhibiting a 7.95 percent gain against the dollar. Litecoin saw its highest hash rate achieved on April 8 at 359 terahash and with the imminent August halving in mind, the coin’s price surged. Interestingly, last week also saw a major correction for the coin, dropping by 18 percent, prior to the weekend’s gains.

Litecoin, unlike the other coins, is merely looking to get back to the bullish days of April 11, when the correction struck. Owing to that resurgence, the coin saw a price push of 5.89 percent to reach $83.72 within a five-hour period. The market cap of the coin added over $200 million, but still trails Bitcoin Cash by over $250 million.

Coinall accounts for 8.63 percent of the global LTC trade volume via the trading pair LTC/BTC. Other prominent exchanges on the list are Coineal, Bit-Z, and OKEx.





Subscribe to AMBCrypto’s Newsletter


News

GateHub: Stolen XRP funds transferred to prominent exchanges

Namrata Shukla

Published

on

GateHub stolen XRP funds moved to Bitfinex and OKEx
Source: Pixabay

The GateHub hack that took place earlier this month resulted in the exchange losing nearly 23 million XRP worth approximately $9 million. However, Whale Alert, a tracker of large crypto transactions, alerted the community of these stolen funds being moved to various different exchanges.

One of these exchanges was identified to be Bitfinex, which received 400,025 XRP on June 16 at 10:57:22 UTC. The sender’s address was r4hyDYXv7iV3oCahxQzqYYfgxwyBx3AyMN and was identified to be from the GateHub hack 2019. The receiver’s address was identified to be Bitfinex’s- r9o9MerrS7d2GAEs6JPj4v4JcvZAJNtLUY. The hash rate of the transaction was 21124F7818A2903E9750456D603CC9AACC9DBE6CE2EF0AA191C734339B4CA682 and the transaction details were as follows:

Source: Whale Alert

Source: Whale Alert

Another transaction was noted to take place to the Bitfinex wallet address where 100,000 XRP was transferred from another identified GateHub hack address. The identified Bitfinex’s wallet address was rDcz7P9YMpffLKhRBovTzhUr3wKtk3y9q7. This wallet address was quick to transfer the funds immediately to another exchange, OKEx. OKEx previously received 3,000 XRP from the stolen funds to an identified OKEx address- rUzWJkXyEtT8ekSSxkBYPqCvHpngcy6Fks. The hash rate of the transaction was noted to be BE97F68A20E996A2E1A37228DCBD45A1F26E8E2B3A842E9FCFFF7721157C1C37 and following were the transaction details:

Source: Whale Alert

Source: Whale Alert

The stolen funds were moved to another prominent exchange, Binance, and CZ was swift to inform Whale Alert that he would look into it. However, the crypto users did not find any relief about these funds going to other exchanges as the exchanges did not respond to the large transactions.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending