Cryptocurrency market update: bulls need to take a breath
- All major coins are rangebound with a bearish bias.
- TRON is the only coin in green out of top-20.
Cryptocurrency market has been consolidation with a bearish bias as Bitcoin and all major altcoins are nursing losses during early Asian hours. The total capitalization of all digital assets in circulation reduced to $181 billion from $185 on Monday, while an average daily trading volume slipped to $57B, compared to $61 billion.
Top-3 coins price overview:
- Bitcoin (BTC) stays below $5,300 handle as an upside momentum faded away after unsuccessful attempts to settle above the critical barrier. At the time of writing, the coin is changing hands at $5,248, unchanged both on a day-on-day basis and since the beginning of Monday.
- Ethereum (ETH) recovered from an intraday low of $177.00 to change hands at $180.28 at the time of writing. The coin has lost 1.7% since this time on Monday amid short-term correction.
- Ripple’s XRP is locked in a range below $0.3600 handle. The third largest digital asset lost by 3% on a daily basis to trade at $0.3558 by the time of writing.
The biggest market-movers:
- Ethereum Classic (ETC) turned from the market leader to an outsider with nearly 7% on losses on a day-on-day basis. The coin is changing hands at $7.10.
- TRON (TRX) is the only green cryptocurrency out of top-20. The coin has settled marginally above $0.0300 with 4% of gains on a day-on-day basis.
- Bitcoin Cash (BCH) has lost over 6% on a daily basis, though the coin is still trading above critical $300.
Author
Tanya Abrosimova
Independent Analyst
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