Cryptocurrency market update: Bitcoin bulls hit the pause button

The cryptocurrency market has entered a correction phase after a sharp growth during the weekend. Bitcoin and all major altcoins are in a red zone, moving away from the recent highs. 

The total market capitalization retreated to $321 billion from $327 billion on Sunday; an average daily trading volume reduced to $69 billion. Notably, Bitcoin dominance climbed back to 59%.

Top-3 coins  price overview

• BTC/USD is changing hands at $10,600, mostly unchanged in recent 24 hours and down 2% since the beginning of Monday. The first digital coin touched $10,850 during early Asian hours but failed to hold the ground. 
• Ethereum, the second largest digital asset with the current market capitalization of $32.3 billion, retreated from the recent high of $317, though it still stays above $300. At the time of writing, ETH/USD is hovering at $302, down 3% in recent 24 hours and over 1% since the beginning of Saturday.
• Ripple's XRP is under significant selling pressure. The third largest coin with the current market capitalization of $19.4, has lost nearly 5% from this time on Sunday and over 2% since the beginning of Monday trading. At the time of writing, XRP/USD is changing hands at $0.4567.

The biggest altcoin market-movers

• NEO has turned from the growth leader into an outsider. The 18th largest coin with the current market value of $1.17 billion has lost nearly 9% of its value in recent 24 hours to trade at $16.62 by press time.
• EOS and Litecoin (LTC) are also under heavy selling pressure. Both coins are down nearly 5% on a day-on-day basis.EOS/USD is trading at $7.16, while LTC/USD is hovering around $134.50.