Crypto market overview: Bitcoin (BTC) locked in a range, Cosmos (ATOM) goes ballistic

The major coins are rangebound with bearish bias during Asian hours on Thursday.
Cosmos (ATOM) is the growth leader.

Tanya Abrosimova Independent Analyst

Cryptocurrency market is a mixed picture on Thursday morning. Bitcoin stays unchanged, while the vast majority of altcoins are nursing losses. The total market capitalization has reduced to $175 billion, down from $177 billion on Monday. The average daily trading volumes are registered at $41 billion.

Top-3 coins price overview:

Bitcoin is hovering above $5,300 handle, mostly unchanged both since the beginning of the day and since this time on Wednesday. From the short-term perspective, the world’s biggest digital coin has a strong upside bias, coupled with expanding volatility.
Ethereum has settled above $160.00 handle. The second largest virtual coin retraced from the intraday high of $162.00 and lost about 1.4% on a day-on-day basis amid shrinking volatility.
Ripple’s XRP is changing hands at $0.3050, down 1.7% on a day-on-day basis. The third largest coin has been trading in a range with bearish bias during Asian hours.

The biggest market-movers:

Cosmos (ATOM) is a new coin in top-20, pumped by the news that was to be listed on Binance. At the time of writing Cosmos takes the 15th position in the global cryptocurrency rating with the market value of $834 million. It has gained over 6% in recent 24 hours to trade at $4.38.
Dash and Monero (XMR) has gained over 3%. The coins take the 13th and 12th places respectively in the CoinMarketCap’s rating.
TRON (TRX) is the worst-performing coin out of top-20. The coin is down 2.5% form this time on Wednesday, trading at $0.0236.

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.