Crypto bears hit a pause button, Bitcoin, Ethereum, XRP gaining over 4% in recent 24 hours

The cryptocurrency market has recovered some losses as most of the major coins are trading in a green zone for the first time in several days. The total capitalization of digital assets increased to $151B from $144 registered the day before.

Crypto sellers hit a pause button, but the worst may not be over just yet as we are moving towards the end of the year.

Bitcoin, the largest cryptocurrency by market value, gained 4% since this time on Wednesday to trade at $4,540 by the time of writing. The coin is down 19% in recent 7 days, however, $4,000 handle seems to be strong enough to contain the bearish pressure for the time being.

Ripple's XRP is changing hands at $0.4468, up over 4.6% on a day-on-day basis. The second largest coin with market value $18B is moving within a short-term bullish trend, but the momentum is still low to allow hopes for an extended recovery.

Ethereum recovered from Wednesday's low of $124.48 to trade at $137.83 by press time. The third largest coin with a market value of $14B has gained over 4.5% since this time yesterday, nursing weekly losses of about 22%.  

NEM and Tezos are the market leaders among top-20 coins. NEM is up 10% in recent 24 hours, while Tezos gained over 9.5%

What's going on in the crypto universe

While Bitcoin is on recovery mode, the upside looks more like a temporary respite than like a sustainable growth path

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CoinMarketCap assigns BCH ticker to Bitcoin ABC and lists Bitcoin SV