• Bitcoin is gaining ground, amid mixed market sentiments.
  • Chainlink beats the market with over 20% of growth.

The cryptocurrency market is a mixed picture on Saturday as Bitcoin is gaining ground, while the altcoins out f top-20 are mostly in decline. Litecoin (LTC) is the biggest loser of the day, down nearly 3% on a day-on-day basis. Chainlink (LINK) has seen a strong price increase - over 20% since this time on Friday.

The total capitalization of all digital assets in circulation increased at $289 billion. The total trading volume settled at $54 billion, while Bitcoin's market share has grown to 66.5%.

Top-4 coins price overview

Bitcoin (BTC/USD) touched $10,890 during early Asian hours on Saturday before retreating to $10,750 by the time of writing. The first digital asset has gained 2.2% of its value in recent 24 hours, and about 2% since the beginning of the day. As the price is creeping higher towards critical $11,000 strengthened by the upper line of daily Bollinger Band comes into focus. We will need to see a sustainable move above this handle for the upside to gain traction.

Ethereum, the second-largest digital asset with the current market capitalization of $23.8 billion, is mostly unchanged on a day-on-day basis, though it is 2% higher from the start of Saturday's trading session. ETH/USD has settled at $221.80, off the intraday high of $223.40.

Ripple's XRP stays range-bound in the middle of $0.3100-$0.3200 side channel. The third-largest coin with the current market capitalization of $13.5 billion, has been hibernating in a tight range since the beginning of the week, which means that a breakthrough in either direction might trigger a strong momentum. 

Litecoin has lost nearly 3% of its value in recent 24 hours and dropped to the fifth place in the global cryptocurrency market rating. LTC/USD is changing hands at $94.73, off the intraday high registered at $96.37.
 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ripple rides RWA narrative with Archax collaboration, XRP extends seventh day of losses to 8%

Ripple rides RWA narrative with Archax collaboration, XRP extends seventh day of losses to 8%

Ripple announced that the payment remittance firm extended its collaboration with FCA regulated digital securities exchange Archax. The collaboration is focused on Real World Asset tokenization, an emerging narrative in the ecosystem. 

More Ripple News

ONDO extends gains despite surge in profit-taking

ONDO extends gains despite surge in profit-taking

ONDO, the governance token of Ondo Finance, trades in the green on Friday, defying the effects of a surge in profit taking from large-wallet investors following the 76% gains seen in the past 30 days. 

More ONDO News

Monero price poised for a downward correction

Monero price poised for a downward correction

Monero (XMR) price has encountered resistance at a critical level. The technical outlook suggests a potential short-term correction as momentum indicators signal a bearish divergence.

More Cryptocurrencies News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin braces for potential short-term correction

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin braces for  potential short-term correction

Bitcoin price daily candlestick closes below the weekly support level of $67,147. Ethereum price is weakening and could retrace to its immediate support at $3,321. Ripple price fails to close above the 50-day Exponential Moving Average.

More Cryptocurrencies News

Bitcoin: Has BTC found a local price bottom?

Bitcoin: Has BTC found a local price bottom?

Bitcoin (BTC) price looks set for a mild fall this week, weighed by slight outflows in the US spot ETFs and the US Federal Reserve (Fed) keeping a hawkish interest-rate outlook despite easing inflation. Technical indicators suggest that BTC could face a further 5% correction in the short term before resuming the uptrend.

Read full analysis

BTC

ETH

XRP