The cryptocurrency market: altcoins back on recovery track, BTC glued to $8,200
- Bitcoin (BTC) has settled settle at $8,200 amid slow trading activity.
- Altcoins are recovering during early Asian hours on Tuesday.
The cryptocurrency market continues moving sideways during early Asian hours on Tuesday. Bitcoin has barely changed on a day-to-day basis, while most of top altcoins are in the green zone with Bitcoin SV demonstrating stellar growth of 17%. The total cryptocurrency market capitalization settled at $223 billion, an average daily trading volume is registered at $57 billion, unchanged from this time on Monday; Bitcoin's market share dropped to 66.3% from 66.6% the day before.
Top-3 coins price overview
BTC/USD is locked in a tight range. The first digital coin is hovering around $8,200 handle with a short-term bearish bias. It has barely changed both on a day-to-day basis and since the beginning of the day. The initial resistance is created on approach to $8,300, while the support awaits us at $8,180 (the lower line of 15-min Bollinger Band)
Ethereum, the second-largest digital asset with the current market capitalization of $19.0 billion, is hovering at $175.50, close to the intraday high registered at $175.72. Looking technically, ETH/USD is moving within a short-term bullish trend amid growing volatility. The local resistance at $178.00 may slow down the recovery, while the pivotal barrier awaits us on approach to $180.00.
Ripple’s XRP is back on the recovery track. Now the third-largest digital asset with the current market value of $12.9 billion is changing hands at $0.2990, up 2.5% on a day-to-day basis.XRP/USD touched $0.3033 during early Asian hours but retreated to the area below $0.3000. The coin is trading with strong bullish bias, though $0.3000 barrier maw slow down thee recovery for the time being.
BTC/USD, 15-min chart
Author
Tanya Abrosimova
Independent Analyst
