Crypto Market Overview: Bulls aim to recover price
- BTC/USD bulls are negotiating with the $5,150 resistance level and it is currently trading for $5,160.
- Binance coin was the biggest winner of the day among the top 20 coins.
The markets tried to recover following the crash caused by the Bitfinex-Tether debacle. Yesterday, the market suffered considerably as news came out that Bitfinex allegedly sent $850 million to a Panama-based company, failed to secure the funds and then raided Tether’s cash reserves to satisfy its customers later. Following this news, the market went down. However, it looks like Bulls have rallied to recover the price.
Top three coins performance
- Bitcoin: BTC/USD bulls have gone past the $5,150 resistance level. Currently, it is trading for $5,160, going up from $5,135. It looks like a late surge from the bulls were able to overcome the bears.
- Ethereum: ETH/USD went up from $153 to $156.50, reaching a high of $158.50 and a low of $149.50.
- Ripple: XRP/USD went up from $0.301 to $0.302 this Friday. As markets opened this Saturday, XRP/USD is trading for $0.3024.
Biggest winners and losers (top 20 coins)
- Binance Coin (BNB) price went up by 3.78% and is currently trading for $22.86.
- TRON (TRX) went up by 3.6% and is currently trading for $0.023.
- NEO was the biggest loser of the day as the price went down by 1.69% and is trading for $9.39.
- Bitcoin Cash (BCH) went down by 1.36% and is currently trading for $265.55.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
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