Cryptocurrency market update: rally stalled

Cryptocurrency market has calmed down. Bitcoin and all major altcoins retraced from the recent highs, though they are still in the green zone. Bitcoin slipped below $5,000 but the downside potential seems to be limited so far. 

While crypto enthusiasts believe that the worst is over and the market is on the verge of a new bull run, some experts warn that the rally any be temporary if it is not supported by institutional investors and consumers.

Top-3 coins price overview:

* Bitcoin (BTC) stays at $4,980 at the time of writing. The coin is 5% higher from this time on Tuesday and 1.6% higher from the beginning of Wednesday.
* Ethereum (ETH) slipped to $168.00 after growing to $174.00. The coin continues trading with a bullish bias with over 9% gains on a day-on-day basis.
* Ripple’s XRP stalled at $0.3500. The third largest digital asset grew by 5% on a daily basis.

The biggest market-movers:

* Bitcoin Cash (BCH) remains a growth leader of the day. The 6th largest digital coin gained over 41% in recent 24 hours to trade at $263. Though the bullish momentum is fading away.
* Litecoin (LTC) retreated below $83.00 by the time of writing. LTC/USD is 21% higher than this time on Tuesday amid technical correction.
* Bitcoin SV gained 22% to trade at $84.00. This is now the 12th largest coin my market cap.