Cryptocurrency market update: Bitcoin glued to $7,800; altcoins show a variety of trends


  • 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.

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 & Analysis

Editors’ Picks

Market stays strong despite yesterday's sell-off

Yesterday at 14:45 GMT, the BTC/USD pair plummeted 7.96% in just 5 minutes, dragging with it the rest of the crypto board and causing a juicy change of hands between the fearful and the convinced.

More Bitcoin News

XRP/USD is back inside the previous range, bulls defend $0.2000

Ripple (XRP) is changing hands at $0.2030. The coin has partially recovered from Tuesday’s major sell-off to $0.1970; however, the further upside seems to be limited. Ripple retreated to the fourth place in the global cryptocurrency market rating and gave way to Tether (USDT). 

More Ripple News

ETH/USD bears take control as the price consolidates in the pennant formation

ETH/USD bears stayed in control for the second straight day as the price fell from $237.65 to $237.15. The price has support at the upward trending line as it continues to trend inside the pennant formation and the 20-day ...

More Ethereum News

ADA/USD free-falls 1% in minutes despite positive sentiments

Cardano outperformed most cryptocurrencies in the market last week. In fact, ADA more than doubled its value in less than a week. On the upside, ADA/USD has traded new yearly highs at ...

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

BTC

ETH

XRP