• The market is hibernating in tight ranges.
  • TRON is the growth leader on Tuesday.

Cryptocurrency market is rangebound early on Tuesday. Bitcoin and all major altcoins have stuck in tight ranges after the Sunday collapse. The total capitalization of all digital assets in circulation settled marginally below $120B, down from $124B on the weekend.

Bitcoin is changing hands at $3,535, unchanged both on a day-over-day basis and since the beginning of Tuesday trading. Moreover, the first digital coin is locked in a tight range ever since it broke down on Sunday.  A sustainable move below $3,600 handle is still regarded as a prerequisite for an extended recovery. 

Ripple’s XRP has settled at $0.3200 handle. Apparently, traders cannot decide where from here. The second largest coin has been rangebound for the last couple of days, moving in sync with the broader market.

Ethereum dropped below $118.00, though the downside momentum has faded away. At the time of writing, ETH/ISD is trading at $117.80, down nearly 1% on a day-over-day basis. The coin has a market value of $12.3B and an average daily trading volume of $2.3B.

TRON (TRX) is the growth leader today. The coin jumped to $0.0260, thus gaining is nearly 10% in recent 24 hours. TRON has been enjoying the support from positive fundamentals recently. According to Justin Sun, a creator of Tron Foundation, the blockchain will have 2,000 dApps deployed on it by the end of 2019. It looks like the market sees the same way.
 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD may retest SMA200 weekly if $6,500 is not retaken any time soon.

BTC/USD is hovering around $6,300, down 1% on a day-to-day basis. The first digital coin has been moving within a short-term bearish trend amid expanding volatility.

More Bitcoin News

Ripple Price Prediction: XRP/USD short-term bulls aim at $1780

Ripple (XRP) has been range-bound recently. The third-largest coin settled above $0.1700, which is a good signal, but the further upside seems to be limited so far.

More Ripple News

ETH/USD locked in a range; short-term recovery capped by $134.40

ETH/USD is changing hands at $132.00, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. The second-largest digital asset has been moving within a short-term bearish trend amid high volatility. 

More Ethereum News

Triangle pattern breakout hints BCH/USD rally beyond $250

Bitcoin Cash price if dealing with increased selling activity on Wednesday just like the other major cryptocurrencies. BCH/USD is down 1.33% on the day while the price hovers above the initial short term support at $214.

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast

BTC

ETH

XRP