• The cryptocurrency market is moving higher due to Bitcoin's growth.
  • All major altcoins are losing ground on Wednesday.

The optimism on the cryptocurrency market is growing, though Bitcoin (BTC) seems to be the only beneficiary as all major altcoins are nursing losses ranging from 1.4% (XRP) to 6% (Cosmos). UNUS SED LEO, a dark horse and a newcomer in top-20 is a notable exception here as the coin managed to gain over 3%  in recent 24 hours.

The total capitalization of all digital assets in circulation has increased to at $353 billion from $335 on Tuesday, while an average daily trading volume is registered at $83 billion. Bitcoin's market share jumped to  64.9% and refreshed multi-month high.

Top-4 coins price overview

Bitcoin has settled marginally below $13,000 handle. The first digital coin retraced from the intraday high of $13,156, though it retains an upside potential and may resume the upside ahead of the US opening. A sustainable move above $13,000 barrier will help to create strong bullish momentum and bring $14,000 back into focus. 

Ethereum, the second largest digital asset with the current market capitalization of $32.9 billion, has lost over 3% on a day-on-day basis but managed to stay above $300 barrier. ETH/USD is range-bound marginally below $310.

Ripple's XRP has lost 1.4% since this time on Tuesday to trade at $0.3946 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) slipped to fifth place in the global cryptocurrency rating. The coin with the current market value of $7.4 is down 2.5% in recent 24 hours is changing hands at $118.65 after a failed attempt to break above $120.00 handle during early Asian hours. 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum 2.0 January 3, 2020 launch date remains unconfirmed

The Ethereum ecosystem is preparing for what is known as the biggest milestone for the network, Ethereum 2.0. The new protocol is still in the development stages and researchers have recently told the community that it is possible that there will be a delay in the launch.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast