• The stays in green, though the momentum is waning. 
  • Bitcoin has been consolidating the recent gains. 
  • XRP is the best performing coin of the day. 

Cryptocurrency market has calmed down after a strong rise during the previous days. Bitcoin and the majority of top altcoins are consolidating gains in newly discovered ranges. The total capitalization of all digital assets in circulation hit $243 billion from $232 billion on Tuesday, while an average daily trading volume reached $107 billion. 

Top-3 coins price overview:

  • Bitcoin has retreated to $8,000 from $8,337 high reached on Tuesday. The largest digital coin has been rangebound with bearish bias during early Asian hours on Wednesday. Declining volatility and speculative positioning keep the bulls at bays so far.
  • Ethereum, the second biggest digital asset with the market value of over $23.0 billion, has gained over 9% in recent 24 hours and stayed unchanged since the beginning of Wednesday. ETH retraced from an intraday high of $222.16 to trade at $219.45 by press time. 
  • Ripple’s XRP is an uncontested growth leader of the day as the coin has gained over 23% in recent 24 hours and 6.5% on Wednesday to trade at $0.4320 at the time of writing. The total capitalization of the coin reached $18.2 billion.

The biggest market-movers:

  • Tezos has registered over 18% of gains in recent 24 hours and moved to the 15th place in the cryptocurrency rating compiled by CoinMarketCap.
  • Stellar and Ontology are also big movers with over 13% of gains on a day-on-day basis. They are closely followed by Cardano. The 10th largest coin managed has grown by 13.7% in recent 24 hours.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Rebound attempt after two bloody days

The weekend has left some moves that have generated quite a stir. Bitcoin finally gave way to bass development and took advantage of Sunday to go in search of the EMA50 around the area of $10,000.

More Bitcoin News

Ripple’s partner Santander bank new UK and Poland payment corridor launched

One Pay FX, a banking application powered by Ripple for Spanish banking giant Santander has added another payment corridor between the United States and Poland. An upgrade completed on the app last week enabled instant funds transfer between the two countries but only went live after the official announcement.

More Ripple News

Ethereum price analysis: ETH/USD plunges 24% in line with Bitcoins slide under $10k

Ethereum continued to lose ground following last week’s drop to $260. The second largest cryptocurrency explored the levels to the south failing to find support at $240 and $220 consecutively.

More Ethereum News

R3 blockchain consortium startup contemplates going public via an IPO

According to a report by Bloomberg, R3 a blockchain consortium start is considering going public in an initial public offering (IPO). Bloomberg says sources “familiar with the matter” confirmed that R3 is in talks with various advisers on the same. Details, where the IPO could be executed, are yet to come to light.

More Cryptocurrencies News

Bitcoin Weekly Forecast: BTC bulls get ready for a major assault

The cryptocurrency market has been pretty volatile this week. Bitcoin stayed in the green zone despite wild price gyrations, while major altcoins are nursing double-digit losses on a week-on-week basis.

Read the weekly forecast

BTC

ETH

XRP