Tanya Abrosimova
Independent Analyst
- All major coins are sliding amid technical correction.
- Bitcoin returns to $6,500 after early Asian losses.
The global cryptocurrency market value reached the 4-week high of $220B on Wednesday; however, positive momentum faded away as speculative traders started to take profits on their long positions in major coins. All top-20 coins are in the red zone, losing from 0.4% to 4% on a daily basis.
Bitcoin stays marginally above $6,500, having recovered from early Asian low of $6,456. The world's biggest digital coin sits in a tight channel, virtually unmovable on a daily basis.
Ethereum is changing hands at $215, down 1.5% since this time on Wednesday. The second largest coin with the current market value of $22.3B is moving within a short-term bullish trend amid expanding volatility. The intraday high is reached at $219.
Ripple's XRP slipped under $0.53 to trade at $0.5295 by press time. The coin has lost nearly 2% of its value on Thursday, retreating from the intraday high of $0.5432.
Bitcoin Cash is also sliding after a strong rally at the start of the week. BCH/USD is down 1.7% in recent 24 hours, trading at $608 at the time of writing. The fourth largest digital coin is moving within a short-term bearish trend amid shrinking volatility.
TOP-20 leaders and outsiders of the recent 24 hours
- Dash is the only coin in green, up 0.8%
- Cardano and Litecoin are outsiders; both coins have lost 3.5% in recent 24 hours.
What's going in the crypto universe
SWIFT denied integration with Ripple network
Ethereum developers published a new version of Casper update
Stellar waits for the biggest airdrop in history to the tune of $125M
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