Bitcoin Dominance Scales Back As EOS, IOTA, TRX Go On ‘Power Plays’

On Tuesday morning, crypto investors and traders alike awoke to an unexpected, yet promising sight, with a majority of crypto assets posting substantial gains for the first time in weeks, if not months. As the day elapsed, the market continued to trend upwards, with prices taking a slow, but steady pace moving up and up.

Bitcoin Undergoes A Slow But Steady Recovery, Analysts Bullish

As it stands, Bitcoin has found a short-term place to stand at ~$7,100 and is 5.1% on the day. Not only does BTC look good in terms of price action, recently surpassing the $6,800 resistance level, but volume figures have also made a resurgence. The collective value of all publicly-available Bitcoin trades has amounted to a hefty $4.9 billion.

This 5% move upwards marks Bitcoin’s fourth continual day in the green, which is Bitcoin’s “longest winning streak in more than a month” as Bloomberg puts it. Bloomberg analyst Eddie van der Walt also noted that there are a series of “momentum…