• The cryptocurrency market is gaining ground; bulls finally have their say.
  • Bitcoin and major altcoins are in green on a day-on-day basis.

The cryptocurrency market stopped falling and switched from bloody red to deep green color as Bitcoin and all major altcoins are demonstrating significant gains ranging from 1% to 12%. The total capitalization of all digital assets in circulation dropped to $324 billion from $303 billion on Tuesday, while an average daily trading volume jumped to $98 billion from $86 billion this time on Tuesday. Bitcoin regained its market value, which is now 62.1%.

Top-4 coins price overview

Bitcoin (BTC/USD) settled above $11,000 handle and hit $11,447 during early Asian hours on Wednesday. The first digital asset is the best performing coin out of top-20, with over 12% of day-on-day gains. A sustainable recover above critical $11,000 give hope to Bitcoin bulls and create an environment for further recovery.

Ethereum, the second largest digital asset with the current market capitalization of $31.7 billion, has gained over 5% of its value on a day-on-day basis. However, critical $300 remains unconquered as of yet; ETH/USD is changing hands at $298 at the time of writing. ETH/USD is driven by the improved sentiments on the cryptocurrency market, which means that the recovery may gain traction the nearest future.

Ripple's XRP has settled above to $0.40 handle. The third largest digital asset with the current market capitalization of $17.2 billion has grown by 2% on a day-on-day basis and 1.5% since the beginning of the day. At the time of writing, XRP/USD is changing hands at $0.4030, having recovered from the intraday lows of $0.3986.

Litecoin (LTC/USD) is knocking at $121.0. The fourth largest coin with the current market capitalization of $7.6 billion has recovered from the Asian low of $118.76 and gained nearly 5% since this time on Tuesday. LTC/USD is moving in sync with the broader market.


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.

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines. 

More Cryptocurrencies News
TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.

More Ton News
Maker Price Forecast: MKR could stage 40% rally

Maker Price Forecast: MKR could stage 40% rally

MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.

More MakerDAO News
USDT market cap crosses $120 billion as stablecoins continue their uptrend

USDT market cap crosses $120 billion as stablecoins continue their uptrend

The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.

More USDT News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP