Tanya Abrosimova
Independent Analyst
- BTC/USD has been range-bound since June 4.
- Tezos defies gravity with over 11% of day-on-day gains.
- Bitcoin SV loses ground amid technical correction.
The cryptocurrency market is a mixed picture during Asian hours on Friday as Bitcoin stayed mostly unchanged, while top-20 altcoins demonstrated divergent momentum. The total capitalization of all digital assets in circulation remained unchanged at $250 billion. An average daily trading volume dropped from $71 billion to $67 billion.
Top-3 coins price overview
- At the time of writing, BTC/USD is hovering at $7,80, mostly unchanged both on a day-on-day basis and since the beginning of Friday trading. The largest digital asset has been range-bound since June 4 as the recovery attempts are blocked by short-term speculative positioning.
- Ethereum, the second largest digital asset with the current market capitalization of $26.4 billion, is changing hands at $248.7, off the Asian high registered at $251. A failed attempt to settle above psychological $250 added dark colors to the short-term technical picture.
- Ripple's XRP stays marginally below $0.42 at the time of writing after an initial attempt to move towards $0.43. The third largest coin has gained over $3.5% in recent 24 hours amid an intraday recovery trend.
The biggest market-movers
- Tezos (XTZ) is the growth leader of the day, with over 11% of gains in recent 24 hours. The 11th largest cryptocurrency with the current market capitalization of $884 million is changing hands at $1.35 with a bullish bias.
- Bitcoin SV (BSV) is a big loser. The 8th largest coin has gained lost nearly 10% in recent 24 hours to trade at $194 by press time.
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
Editors’ Picks
Ripple wipes out weekly gains, experts comment on role of Ripple stablecoin
Ripple declined to $0.52 on Thursday, erasing all gains registered earlier this week. Ripple SVP Eric van Miltenburg’s comments on the firm’s stablecoin, and how it is expected to benefit the XRP Ledger and native token XRP have raised concerns among crypto experts.
Hedera HBAR slips nearly 10% after air is cleared on mistaken link with giant BlackRock
HBAR price is down nearly 10% on Thursday, partly erasing gains inspired by the misinterpreted link with BlackRock. Despite the recent correction, Hedera’s price is up 44% in the past seven days.
The reason behind Bonk’s 105% rise and if you should buy now Premium
Bonk price has shot up 105% in the past five weeks. A retracement into $0.0000216 or the $0.0000152 to $0.0000186 imbalance would be a good buying opportunity. Patient investors can expect double-digit gains from BONK that could extend up to 70%.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?