Crypto market overview: Bitcoin stuck under $6,300; NEM and XRP are the only green spots in the sea of red

• The majority of top-20 coins are in the red zone.
• Bitcoin stays under $6,300, clouds are gathering over coin's technical horizon.
• NEM is a star with over 10% growth on a daily basis.

The top-20 cryptocurrencies are mostly in red on Wednesday morning with the rare exception of NEM, XRP, and Vchain. The total cryptocurrency total market value slipped from $211B to $209 amid nervous trading. The market players are waiting for to major events this week: Bitcoin Cash hard fork and Stellar's airdrop. Let's wait and see how the things will pan out. 

Meanwhile, Bitcoin is mostly unchanged since this time on Tuesday, changing hands at $6,268. The largest virtual coin has been sitting under $6,300 handle recently after a failed recovery attempt at the beginning of the week.

Ethereum is changing hands at $206.90, off the Asian low touched at $205.66. The second largest coin is down 1.4% on a day-on-day basis and unchanged since the beginning of Wednesday.

Ripple's XRP is one of the gainers today. The coin is trading $0.5126, close to the Asian high of $0.5144.  The third largest digital asset has gained 2.9% in recent 24 hours despite a massive drop late on Tuesday.

NEM is growing strongly for the third day in a row. The coin has added 10% to its value in recent 24 hours to become the 15th largest coin with the market cap $1B and average daily trading volumes $63,000. The "Japanese Ethereum" experienced a strong growth after Coincheck resumed NEM trading.

What's going in the crypto universe

Ripple partners with MUFG to facilitate cross-border payments between Japan and Brazil

NEM is on the rise as Coincheck resumed trading with the coin

Experts are still mildly optimistic about Bitcoin's short-term future

 

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