• 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.



Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content

Recommended Content

Editors’ Picks

Why LUNA traders do not have to be in the market all the time

Why LUNA traders do not have to be in the market all the time

Terra (LUNA) price action has slipped below a critical level outlined a few days ago. As price action moves start to get smaller, a big move is set to happen, but it is very cloudy to see where that move will be going.

More Terra News

SEC vs. Ripple case, two key decisions awaited by XRP holders

SEC vs. Ripple case, two key decisions awaited by XRP holders

XRP holders are awaiting key decisions in the SEC vs. Ripple case. Experts believe judge Sarah Netburn could rule on the two key decisions in the lawsuit against payment giant Ripple. 

More Ripple News

MATIC price explodes as Polygon achieves Carbon neutrality

MATIC price explodes as Polygon achieves Carbon neutrality

MATIC’s purchase of carbon credits through KlimaDAO partnership represented 104,794 tonnes of greenhouse gasses, equivalent to the Ethereum scaling solution’s debt since 2019. Carbon neutrality has fueled a bullish sentiment among traders and 

More Polygon News

Things have suddenly changed for the Shiba Inu price, is the bottom in?

Things have suddenly changed for the Shiba Inu price, is the bottom in?

Shiba Inu price may have bottomed but this can only be confirmed if the current rally persists. Traders should be aware of several factors. Shiba Inu price has suddenly changed as the bulls have printed a significantly large bullish engulfing candle on the daily chart. 

More Shiba Inu news

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.

Read full analysis