Cryptocurrency market update: Bitcoin bulls wake up, target at $12,000

It seems that the short period of consolidation is over as the cryptocurrency market is growing again. Bitcoin and all major altcoins are in green territory, gaining from 1.5% of 9%. The total capitalization of all digital assets in circulation has increased to at $3335 billion from $327 earlier on Monday, while an average daily trading volume is registered at $66 billion. Bitcoin's market share dropped to  62.2%.

Top-4 coins price overview

Bitcoin (BTC/USD) is moving quickly towards $12,000. The first digital coin touched the intraday high at $11,900 and retreated to $11,820 by the time of writing. A sustainable move above $12,000 barrier will help to unleash the bullish potential of the coin and push the price towards the next resistance on approach to $12,300.

Ethereum, the second largest digital asset with the current market capitalization of $33.1 billion, has gained over 7% since on a day-on-day basis and broke above $310 barrier. ETH/USD is growing rapidly amid the global recovery on the cryptocurrency market.

Ripple's XRP has gained 1.5% since this time on Sunday to trade at $0.3986 by the time of writing. The third largest digital asset with the current market capitalization of $16.8 billion has been range-bound recently as the recovery is capped by $0.4000.

Litecoin (LTC/USD) is attempting to break above $120.00 handle amid the recovery on the cryptocurrency market. The fourth largest coin with the current market capitalization of $7.5 billion hit $121.21 on Sunday and settled at $120.40 by the time of writing.