- The subtle recovery in the market is a welcomed breather to the battered bulls.
- Bitcoin battles to reclaim $3,400 support as XRP stays above $0.30.
- Ethereum buyers eye $90 in the short-term amid the slightly bullish momentum.
The cryptocurrency market is enjoying a breather as bears stay back to give the bulls room to stretch following a period of extended declines. The market is generally in the green on Wednesday. The slight correction can be observed across the board with assets gaining by 0.5% to 4% (top 20 cryptos).
NEO is the biggest single-digit gainer of the day with gains reaching 4%. It is followed closely by Dash (Dash), which is up 3.37%. The other asset with gains exceeding 3% is Litecoin (LTC). The rest of the top 20 coins by market capitalization are in the green. The larger cryptocurrency market has also corrected higher adding more than $2 billion from $107 billion recorded yesterday to slightly above $109 billion.
Bitcoin price is up 0.95% on the day after testing the support at $3,300. It opened the trading session today at $3,350 and has hit a high of $3,390. The asset is trading at $3,380 while the current trend is bullish. Bitcoin has a market cap of $60 billion and has a trading volume of $4.7 billion.
Ripple’s XRP, on the other hand, is trading at $0.3041. The asset has been able to maintain its position above $0.30 for a few days now after the bulls were sent packing on touching $0.32 last weekend. XRP/USD is still correcting higher with gains reaching 1.23% on the day. It has a trading volume of $361 million with a market cap that stands at $12.4 billion.
Meanwhile, Ethereum (ETH) is also in the green with gains of 1.58% and counting. Ethereum corrected lower yesterday below the support at $90.00. It has hit lows of $87.09 on the day and intraday highs of $89.88 million. Its market capitalization stands at $9.3 billion and has a trading volume of $1.7 billion in 24-hours.
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