Crypto Market Overview: Bitcoin breaches $5,200 and total crypto market cap gains $5 billion
|- Bitcoin bulls were able to breach past the $5,200 level after it fell to a low of $4,950 this Tuesday. Bears have since taken the price down to $5,185.
- Bitcoin SV remains the most significant loser following more delistings.
The crypto bulls have been working overtime to correct the market following this Monday’s bearish movement. Bitcoin and all the other significant altcoins have rallied to enjoy major gains. The total crypto market cap gained $5 billion over the last 24 hours. Let’s take a look at the status of the top three cryptocurrencies (by market cap) and the biggest movers and losers of the day.
Top three coins price overview
- Bitcoin bulls were able to breach past the $5,200 level after it fell to a low of $4,950 this Tuesday. BTC/USD was able to reach highs of $5,230. Bulls have immediate resistances at $5,265, $5,300, and $5,400 on the upside. However, it looks like the bears have taken over the market in the short-term and have pulled the price down to $5,185 in a bid to correct itself.
- ETH/USD had gone up from $160 to $165.50 this Tuesday, reaching a high of $168. The bears had earlier taken the price down from $169 to $160, failing at the $170 resistance level, reaching a low of $156. Short-term resistance lies at $170 which has thwarted the bulls repeatedly over the past couple of months.
- XRP/USD has gone up from $0.319 to $0.323 this Tuesday, reaching a high of $0.326. Previously on Monday, $0.33 to $0.319, reaching a low of $0.313. Resistance levels lie at $0.33, $0.34, and $0.35.
Biggest movers and loser (among the top 20 coins)
- Monero has gained 8.21% going up from $64 to $69.20. Bulls will be aiming the resistance level at $70.
- Tezos has gained 8.5% going up from $1.06 to $1.15.
- Bitcoin SV remains the biggest loser, going down by 8% following delistings from Binance, Shapeshift, Kraken, and Blockchain.com.
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