• Bitcoin and major altcoins have recovered from the recent lows.
  • The upside momentum has faded away on the approach to critical resistance levels.

The cryptocurrency market is recovering after a sharp sell-off registered during the weekend. Bitcoin (BTC) and all major altcoins are gaining ground, though the critical resistance levels have yet to be broken.

The total capitalization of all digital assets in circulation jumped to $291 billion from $272 billion this time on Monday. The total trading volume is registered at $71 billion, while Bitcoin's market share increased to  66.6%, the highest since April 2017.

Top-4 coins price overview

Bitcoin (BTC/USD) is hovering around $10,800 after a short-lived dip below $10,000 during early Asian hours on Monday. The first digital coin has gained over 7% in recent 24 hours and stayed unchanged since the beginning of the day as the recovery momentum has faded away on approach to the critical resistance level of $11,000. 

Ethereum, the second largest digital asset with the current market capitalization of $24.6 billion, is also in recovery mode. ETH has grown by 5% in recent 24 hours and settled above $230.00 on Tuesday, moving away from the recent low of $202.80. However, on short-term timeframes, the coin is moving within a bearish trend as an upside momentum is fading.

Ripple's XRP has gained 3.4% since this time on Monday to trade at $0.3166 by the time of writing. The third largest digital asset with the current market capitalization of $13.4 billion settled above $0.31 handle, though the recovery is capped by $0.3200.

Litecoin (LTC/USD), now the fourth largest digital asset in the global cryptocurrency rating, is losing ground on Tuesday. While staying in a green zone on a day-to-day basis, LTC/USD has lost about 1.5% in Asia. At the time of writing, LTC/USD is changing hands at $88.90, off the intraday high of $91.79 hit 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

Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

More Ethereum News

Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

More Monero News

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP