Bitcoin, Ethereum, Ripple overview: Is this the end of crypto winter?
|- Major cryptocurrencies are gaining ground after a positive start of the week.
- Bitcoin gains 5% in recent 24 hours.
- EOS, BCH, and DASH are the growth leaders.
The cryptocurrency market participants entertain a hope that they have survived the crypto winter. The market has been growing strongly in recent days, while the total market value of total digital assets in circulation exceeded $132B for the first time in more than a month.
EOS, DASH and Bitcoin Cash are among the best-performing coins - all showing a double-digit increase on a day-over-day basis.
Bitcoin is doing reasonably well. The first digital coin is changing hands at $3,866, gaining over 5% in recent 24 hours amid strong bullish momentum. A decisive breakthrough critical technical layer created around $3,700, triggered stop losses on speculative shots and pushed the price higher. Now $4,000 is in focus. Once it is out of the way, the recovery is sure to gain traction and take us to new 2019 highs.
Ethereum touched $151.00 handle during early Asian hours but retraced to $147.40 by the time of writing. A sustainable move above $145.70 resistance (Pivot Point 1-month Resistance 1) created a strong upside momentum that may result in a strong bullish trend in the short-term. Also, Ethereum sees a sharp increase in average daily trading volumes ahead of Constantinople update, which is also a positive signal for the coin. ETH has gained 7.5% on a day-over-day basis.
EOS ousted Litecoin from fourth place in the global cryptocurrency rating. The coin has gained over 23% on a day-over-day basis and touched $3.88 on Monday. EOS/USD is changing hands at $3.60 at the time of writing.
Ripple’s XRP attempted a break above $0.33 but returned to $0.3236 by the time of writing. The third largest digital coin is trading 4% higher from this time on Monday, but the upside momentum is waning.
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