Cryptocurrency market update: Bitcoin (BTC) sliding down, altcoins follow the lead

  • Bitcoin and major altcoins have resumed the decline.
  • Critical support levels remain unbroken so far.

The cryptocurrency market continues its rueful trip to the South. Bitcoin (BTC) and all significant altcoins are deep in red, nursing losses from 1% to 8% with the notable exception of Chainlink (LINK). UNUS SED LEO (LEO) and EOS. These three coins managed to stay in a green zone so far. 

The total capitalization of all digital assets in circulation dropped to $266 billion from $275 billion this time on Tuesday. The total trading volume is registered at $59 billion, while Bitcoin's market share has settled at 65.0%.

Top-4 coins price overview

Bitcoin (BTC/USD) touched the intraday low at $9,573 and recovered to $9,700 by the time of writing. The market is still dominated by bearish sentiments, while BTC/USD is vulnerable to further losses with the next focus on $9,300. BTC/USD is down 4% on a day-on-day basis. 

Ethereum, the second-largest digital asset with the current market capitalization of $22.0 billion, is down 4% on a day-on-day basis and down 3% since the start of the Asian session on Monday. ETH/USD tested $200.00 support during early Asian hours. At the time of writing, it is changing hands at $206.00. 

Ripple's XRP stays above critical $0.3000, though it is down both on a day-on-day basis and since the beginning of Wednesday. Ripple's current market capitalization is registered at $13.1 billion, while an average daily trading volume comes at $1 billion.

Litecoin (LTC/USD) dropped below critical $90.00 amid intense bearish pressure. The fourth-largest coin with the current market capitalization of $5.6 billion has lost 3.5% of its value to trade at $89.50 by the time of writing.


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

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD risks a drop to $10,500 amid bearish technical set up

Bitcoin (BTC/USD) reversed Friday’s temporary reversal and resumed the previous bounce on Saturday, only to find stiff resistance once around the $10,800 region. A potential rising wedge formation spotted on the hourly chart. Acceptance below 10,693 could revive the bearish bias.

More Bitcoin News

Cardano Price Prediction: ADA bulls to regain control amid golden cross on hourly chart

ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark.

More Cardano News

NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News


Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast