The cryptocurrency market update: Bitcoin and major altcoins recover from Sunday’s sell-off
|- Bitcoin is hovering around $10,300 after strong growth in Asia.
- Ethereum Classic is the best-performing altcoin with over 4.6% of gains.
The cryptocurrency market is recovering down during early Asian hours with Bitcoin and the vast majority of altcoins navigating the green zone. The total market capitalization has settled at $268.9 billion; an average daily trading volume is registered at $57 billion. Bitcoin's market dominance stays at $68.8%.
Top-3 coins price overview
BTC/USD is changing hands at $10,300 handle, as the first digital asset is losing ground after a strong rise during early Asian hours. BTC/USD has gained about 2% since the beginning of the day and 2.3% on a day-on-day basis. The initial growth on Monday is attributed by anti-risk sentiments caused by US-China trade war escalation.
Ethereum, the second-largest digital asset with the current market capitalization of $20.6 billion, has settled at $191.00. The coin has gained nearly 2/5% of its value since the beginning of the day and stayed unchanged on a day-on-day basis. ETH/USD is moving within a short-term bullish trend amid growing volatility.
Ripple's XRP is changing hands at $0.2722 at the time of writing. XRP/USD has gained about 1% both on a day-on-day basis and since the beginning of the day, having retreated from the intraday high registered at $0.2800.
The biggest altcoin market-movers
Cardano (ADA) is the biggest loser of the day from top-20 coins. ADA/USD has lost over 4% in recent 24 hours to trade at $0.0436. Ethereum Classic ( ECT) has become the best-perfroming altcoin with 4/6% gains. ETH/USD is changing hands at $7.24 at the time of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.