Crypto market overview: Bitcoin (BTC) attempts a recovery, altcoins in red

  • The market is rangebound with bearish bias during early Asian hours.
  • Major altcoins are nursing losses.

Cryptocurrency market is a mixed picture with a dominating red color. Bitcoin and most major altcoins continue consolidating in the recent ranges amid low volatility. The total capitalization of all digital assets in circulation settled at $181 billion, unchanged from Wednesday, while an average daily trading volume increased to $53B, compared to $51 billion on Wednesday. 

Top-3 coins price overview: 

  • Bitcoin (BTC) is hovering around $5,300 handle at the time of writing. The coin has gained 1.4% on a day-on-day basis and remains unchanged since the beginning of Thursday, moving in a tight range amid low volatility.  
  • Ethereum (ETH) recovered from an intraday low of $174.67 to change hands at $175.47 at the time of writing. The coin has lost 2.4% on a daily basis and 1% form the start of the day. The second largest coin is moving within a short-term bearish trend amid low volatility. The next focus on $174.00 
  • Ripple’s XRP is glued to $0.3500. The third largest digital asset is trading in a tight range unchanged from this time on Wednesday. The short-term trend is bearish. 

The biggest market-movers:

  • TRON (TRX) is down 5% on a day-on-day basis to trade at $0.0268 by the time of writing. The bearish momentum is gaining traction
  • Ontology (ONT) has lost by 5.5% to trade at $1.43. The coin takes the 18th place in the global cryptocurrency market rating with the capitalization of $706 billion. 
  • Tezos is trading at $1.00, gaining over 4% since this time on Wednesday. The coin has the market capitalization $664 billion, and it is the best performing asset out of top-20. 


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