Crypto market overview: Bitcoin (BTC) locked in a range, IOTA defies gravity
|- All major coins are rangebound during Asian hours on Monday.
- IOTA is the best-performer with 12% gains on a daily basis.
Cryptocurrency market is a mixed picture on this Monday morning as Bitcoin and major altcoin are moving within the recent ranges amid low volatility.The total market capitalization has settled at $171 billion, unchanged since this time on Friday, April 26. The average daily trading volumes sank to $39 billion.
Top-3 coins price overview:
- One Bitcoin is going for $5,177, mostly unchanged both since the beginning of the day and since this time on Sunday. The world’s biggest virtual coin stays under $5,200 handle amid shrinking short-term volatility.
- Ethereum is changing hands at $158.90, having recovered from the intraday low of $157.84. The second largest coin has stayed unchanged as the market players need to come to grips with the new ETH range below $160.00. The short-term sentiments are bullish; however, the recovery is capped by $159.00.
- Ripple’s XRP stayed mostly unchanged in recent 24 hours to trade at $0.3000 by press time. The third largest coin has been hovering around this handle during early Asian hours amid shrinking volatility.
The biggest market-movers:
- IOTA is an uncontested growth leader of the day. The coin has gained over 125 in recent 24 hours to trade at $0.3032 at the time of writing.
- Bitcoin Cash (BCH) has lost nearly 4% and dropped under $250 during early Asian hours. However, the coin is moving within a short-term bullish range attempting to recover from the recent losses.
- Litecoin (LTC) is another loser of the day the coin is down 3% on a day-on-day basis to trade at $69.26. The short-term trend is bearish.
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