• Bitcoin has lost over 3% of its value to trade below $7,700.
  • TRON is the worst performing cryptocurrency of the day, down nearly 8%.

Bitcoin and all major altcoins have been under selling pressure since Sunday. At the time of writing, the top-20 coins are nursing losses from 1% to 8% on a day-on-day basis. The cryptocurrency market capitalization dropped to $243 billion from $249 billion on Sunday; an average daily trading volume stayed at $59 billion amid growing volatility on the market.

Top-3 coins  price overview

  • BTC/USD touched $7,511 on Sunday before recovering to $7,630 by the time of writing. The first digital asset has lost over 3% in recent 24 hours amid growing bearish sentiments intensified by technical factors.  A sustainable move below $7,700-$7,650 area added dark colors to the short-term Technical picture.
  • Ethereum, the second largest digital asset with the current market capitalization of $24.9 billion, recovered to $234 handle after a drop below $230 during early Asian hours. The coin has lost over 3.6% in recent 24 hours, moving in sync with the strong bearish trend.
  • Ripple's XRP failed to stay above $0.40 amid sharp sell-off during Sunday hours. The third largest coin with the current market capitalization of $16.3 has lost nearly 6%  of its value form this time on Sunday to trade at $0.3820.

The biggest market-movers

  • TRON (TRX) is the biggest loser of the day. The 12th largest coin with the current market capitalization of $1.9 billion has shed nearly 8% in recent 24 hours to trade at $0.0296 by press time.
  • Stellar (XLM) and IOTA are also big losers. The coins are nursing losses over 5% as the sell-off is gaining traction.

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

BTC/USD shoots higher following Bakkt news

Above is the 5-minute BTC/USD chart which shows the powerful surge in volume when the Bakkt announcement was made. The arrow shows the exact time of the release, prior to the story BTC/USD was trading close to 10,000.00 and bouncing off the mean value price for the day. 

More Bitcoin News

Ripple price analysis: Confluence detector shows a lack of healthy resistance and support levels

Ripple is currently trending in a flag formation and is priced at $0.259. This Thursday, the bulls kicked in after the price fell to $0.242 and took the price up to $0.264. 

More Ripple News

Cardano Foundation partners with Berlin blockchain venture studio Konfidio, market reaction muted

The Cardano Foundation revealed that they have partnered up with Berlin blockchain venture studio Konfidio. The main aim of the partnership will be to execute real-world business cases on the Cardano blockchain. According to their announcement:

More Cardano News

Ethereum: ETH/USD bear trapped below broken support range

Ethereum defended the support at $170 before a shallow recovery pulled the price above $180. ETH/USD must reclaim position in the broken support range between $190 - $200.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP