• 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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Editors’ Picks

Sellers come in ahead of 10,500

BTC/USD sells of late in the session as we draw to a close on an eventful day in the financial markets. We were expecting Fed Chair Jerome Powell to be the main event of the session but China announced plans to add tariffs to US imports. Then Powell once again stood firm against Trumps pressure to loosen monetary policy and the US President lost it on twitter. 

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XRP pushes to session highs but a key level is in sight

XRP/USD pushes to session highs. Key resistance level is in sight. 0.300 still seems the like the long term target for bulls.

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