- Jump in volume across the market, as prices push to session highs.
- Bitcoin reclaimed $8000 and XRP moved back into the psychological $0.4000 territory.
A decent jump in volume was seen in the last hour, which invited a fresh wave of upside momentum across the board for Bitcoin (BTC) and several of its peers.
The largest flow of volume seen since Monday, as the market has been very much moving within consolidation mode.
Bitcoin broke back into the psychological territory of $8000, Ripple’s XRP reclaimed $0.4000. Ethereum rose to a session high of $260, highest since 3rd June. In terms of specifically Bitcoin, there is much supply seen around the $8500 area, the next major target region for the bulls to break down for a $9000 return again.
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Latest Crypto News & Analysis
Editors’ Picks
Market share war shakes crypto market
Ethereum confirms the market's weakness in the short term as it closed yesterday at the price level of $195.5. Closing below the $200 level with such a small margin shows that the bulls are not in the business of defending the price structure to keep it up.
BCH/USD drawing nigh to $230 seller congestion
Bitcoin Cash has bounced off the support zone between $220 and $225. This cryptocurrency like many others, extended the bearish action during the weekend session.
ETH/USD makes its way above $200, the recovery is slow
Ethereum bears took ETH price below psychological $200 on Monday, but a fresh buying interest located around this level helped to push the price back inside the previous consolidation range.
ADA/USD may retreat to $0.0450 before another bullish wave
Cardano (ADA) hit the intraday low of $0.0509 during early Asian hours and recovered to $0.0532 by press time. Despite the recovery, the coin is still nearly 7% lower from this time on Sunday.
Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen
Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.