Tanya Abrosimova
Independent Analyst
- All major altcoins are in a green zone, rangebound trading prevails.
- Zcash is the best performer of the day so far.
Cryptocurrency market stays rangebound amid low trading activity and record low volatility. Now there are over 2,000 coins available for trading, while their total capitalization $209B.
Bitcoin, the largest digital asset, has been trading in a range limited by $6450 and $6550. At the time of writing, BTC/USD is changing hands at $6,400. In the recent seven days average Bitcoin volatility dropped to 0.86%, which is the lowest level since March 2017.
Ripple's XRP hovers around $0.4600 handle. The third largest coin with a market value of $18.4 is cannot find a decent reason to move in either direction.
Ethereum is trading at $203.63, mostly unchanged both on a daily basis and since the beginning of Monday. While a narrow range is bound to be broken, it is hard to predict the trigger and the direction of the breakthrough.
TOP-20 leaders and outsiders of the recent 24 hours
ZCash and Dash are the best performers of t0-20cryptocurrencies with 2.7% and 1.7% gains respectively.
NEM is a loser, down 0.48%
What's going in the crypto universe
Number of Google searches for Bitcoin dropped by 93% as compared to the peak numbers registered December 2017.
Visa is ready to integrate cryptocurrencies whenever a need arises.
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