- Bitcoin is hovering at $11,900 after a failed attempt at $12,000.
- Tezos and Binance coin are the best performers of the day.
The cryptocurrency market is sliding down during early Asian hours with Bitcoin and the vast majority of altcoins deep in the red. The total market capitalization has settled at $307 billion; an average daily trading volume is registered at $57 billion. Bitcoin's market dominance climbed to a new high above $69.1%.
Top-3 coins price overview
BTC/USD is changing hands at $11,900 handle, mostly unchanged both on a day-on-day basis and since the beginning of Friday. The first digital asset made another unsuccessful attempt to settle above $12,000, as BTC bulls are not strong enough for a decisive move.
Ethereum, the second-largest digital asset with the current market capitalization of $23.5 billion, has settled at $218.50. The coin has lost nearly 3% of its value in recent 24 hours and 1% since the beginning of the day. ETH/USD is moving within a short-term bearish trend amid growing volatility.
Ripple's XRP broke below the lower boundary of the recent channel to trade at $0.3071 at the time of writing. XRP/USD is down 1.2% on a day-on-day basis, though a sustainable move below $0.3100 bodes ill for the coins' short-term dynamics.
The biggest altcoin market-movers
Binance Coin (BNB) and Tezos (XTZ) are the best performing altcoins of the day. BNB/USD has gained over 5% on a day-on-day basis to trade at $31.12 by press time, while XTZ/USD has increased by 10% to trade at $1.52.
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.