Cryptocurrency market lulls traders into complacency

Bitcoin and all major altcoins have stayed unchanged for the most part of the weekend. Low trading activity amid decreasing volatility has left the market locked in a narrow range; however, the situation may change ahead of the global markets opening on Monday. 

The total market capitalization stays at $248 billion, while an average daily trading volume decreased to $40 billion; Bitcoin's market dominance remained unchanged at $69.2%.

Top-3 coins  price overview

BTC/USD is trading at $9,585, unchanged both on a day-on-day basis and since the beginning of the day. The first digital asset has barely changed since August 30 as trading activity on the marker is non-existant. The critical support awaits the coin on approach to $9,300, while the upside seems to be limited by $9,600.

Ethereum, the second-largest digital asset with the current market capitalization of $18.3 billion. ETH/USD is changing hands at $169.30 after a failed attempt to settle above $173.00. The coin outperformed the market during late Saturday hours, however, the upside momentum proved to be short-lived as the price retreated below $170.00 handle.

Ripple's XRP is glued to $0.2550 with strong support at $0.2500. The upper boundary of the recent channel is created by $0.2600. The third-largest coin touched $0.2600 handle during latte Saturday hours and retreated to $0.2550 by the time of writing. 

The biggest altcoin market-movers

Binance Coin is the biggest loser of the day. The coin has lost nearly 2.5% in recent 24 hours to trade at $21.48.
Notably, a cryptocurrency rating service CoinMarketCap changes its methodology as of September 2. This may lead to massive changes in cryptocurrency ratings.