Cryptocurrency market calmed down, new range ahead?

Cryptocurrency market has calmed down after a volatile start of the week. Most major coins are drifting in a new range as volatility has faded away once again. Total market capitalization has settled at $203B.

Bitcoin is changing hands at $6,264, unchanged both on a daily basis and since the beginning of Tuesday. The rangebound trading is likely to prevail as long as $6,200 remains unbroken.

Ethereum stays below $200, but the downside momentum is waning. The second largest coin with a market cap at $20.3B is changing hands at $196, unchanged in recent 24 hours.

Ripple's XRP is trading at $0.4459 at the time of writing within a bearish short-term trend. The price stays below DMA50 for the second day in a row, implying that more sell-off may be in store.

TOP-20 leaders and outsiders of the recent 24 hours

• Dash and NEM are the best performers of top-20 cryptocurrencies with 2% and 2.5% of gains respectively.
• NEO is down 1.5%, which makes the coin a loser of the day.

What's going in the crypto universe

The UK financial regulator considers a ban on crypto-based derivatives trading.

Japanese regulator says stablecoins are not digital assets within the effective regulatory framework.

China changes its attitude towards Bitcoin and cryptocurrencies.