- Major cryptocurrencies are in a green zone on Monday.
- Ontology is the best-performing coin out of top-20.
Green shoots of recovery inspire hope and cautious optimism on the cryptocurrency market. The total capitalization of all digital assets in circulation spiked from $135B on Friday to $140B on Monday morning. All top-20 cryptocurrencies except Binance Coin and IOTA are rangebound with bullish bias today.
Bitcoin is dancing at $4,000. The coin is marginally higher from this time on Sunday, though the upside momentum is yet to gain traction.
Ethereum, the second largest coin by market value, has performed very well in recent days. ETH/USD is trading at $141.75, off the Asian high touched at $142.99. The coin has gained nearly 2% since this time on Sunday.
Ripple’s XRP, the third largest coin, is sitting marginally above $0.3200 amid growing volatility and short-term bullish momentum. XRP/USD recovered from critical $0.3000 tested on March 14; however, the recovery is yet to gain traction.
Ontology is an obvious outperformer with 7% growth today. The coin moved to the 18th place in the cryptocurrencies rating due to a strong upside momentum since March 5. The currency has gained over 40% since the recent low of $0.7833.
IOTA is down nearly 2% on a day-on-day basis, which is the worst result out of top-20. IOT/USD is changing hands at $0.3350 after an attempt to break below $0.30.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days. Investors can expect XRP to kickstart a massive rally.
Optimism price outlook with nearly $90 million worth of OP tokens flooding markets on Friday
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Retail watches from the sidelines with a bias for shorts
Bitcoin could clear $73,777 peak as BTC bulls resurface. Ethereum might fall 10% before next leg up as ETH RSI teases with sell signal. XRP could lose $0.6000 threshold as Ripple bulls fail to show up.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito price action shows a potential cup and handle formation. Based on theoretical measurement rules, a successful breakout could yield a 56% rally to $6.0. A breakdown of the $3.86 support level would create a lower low for JTO and invalidate the bullish thesis.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.