Top 10 Recap - May 10th, 2019

Another week, another recap. In a week with plenty of news, and a few days before the most important blockchain-related events in the year, the market experienced some interesting movements. Let’s take a look:

Bitcoin: $6381.7, with a change of 4.06% from yesterday and 5.21% from last week.

Ethereum: $174.88, with a change of 1.99% from yesterday and -1.07% from last week.

XRP: $0.30171, with a change of 0.27% from yesterday and -6.53% from last week.

Bitcoin Cash: $284, with a change of 0.25% from yesterday and -1.24% from last week.

Litecoin: $76.73, with a change of 2.36% from yesterday and -7.55% from last week.

EOS: $4.8943, with a change of -0.42% from yesterday and -7.56% from last week.

Binance Coin: $19.415809, with a change of -2.64% from yesterday and -20.2% from last week.

Stellar: $0.0938851, with a change of 2.11% from yesterday and -12.35% from last week.

Cardano: $0.064016, with a change of 2.05% from yesterday and -13.4% from last week.

TRON: $0.0238, with a change of -2.09% from yesterday and -4.82% from last week.

The first big point to be talked about is the attack on Binance a couple of days ago, with more 7,000 BTC being compromised, taken directly from the company’s hot wallet. Binance’s CEO, Changpeng Zao, stated that all the lost funds would be covered and that new security measures would need to be implemented.

The market recovered from this hit, but another interesting dynamic started to take place: altcoins are going downhill while BTC keeps on climbing, maintaining the total market on the rise (around $5 billion since yesterday). This may be an indicator of users leaving their altcoins to start trading in BTC, and is only increasing the overall power of the latter over the general movement of the market.

It’s expected that other coins will, as they usually do, follow the trend set by Bitcoin, but we’ll have to wait a few days to see if that happens.