Cryptocurrency market update: Cryptos back in the green led BTG and NEO
|- Bitcoin Gold and NEO lead crypto market from consolidation with 2.57% and 2.5% gains on the day.
- NEO has traded highs around $11.00 on the day but has retraced to $10.94.
- Market cap defies consolidation to record gains from $176 billion to $178 million.
The cryptocurrency market is approaching the end of the consolidation phase. The just concluded weekend session has cryptos avoid moments either side of the important key support areas. Bitcoin, for example, stayed above $5,200 while the upside was capped at $5,300. Ripple, on the other hand, defended the support at $0.032 before it increased to trade slightly above $0.33.
In spite of the consolidation the market capitalization rose significant from $176 billion at the close of the trading on Saturday to the current $178 billion. In the same period the trading volume thinned from $45 billion to $43 billion at the time of writing.
Bitcoin Gold (BTG) and NEO are the biggest single-digit gainers on Monday. The latter is up 2.57% on the while Bitcoin Gold has increase in value by 2.5%. NEO has traded highs around $11.00 on the day but has retraced to $10.94. Its fundamentals remain positive hence a continued uptrend is expected in the coming sessions.
Bitcoin Gold, on the other hand is valued at $17.18. It has a 24-hour trading volume that stands at $16 million. The asset is currently ranked as the 27th largest crypto with a market cap of $300 million.
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