• Bitcoin (BTC) has settled settle above $8,100 amid resumed bearish sentiments.
  • Altcoins are range-bound with bearish bias during early Wednesday hours. 

The cryptocurrency market is a mixed picture during early Asian hours; however, Bitcoin and all major altcoins consolidate losses incurred on Tuesday.  The total market capitalization of digital assets in circulation has retreated towards $222 billion from $226 billion on Tuesday, according to CoinMarketCap data. An average daily trading volume stabilized at $52 billion, while Bitcoin’s market settled at 66.3%. 

Read also: Crypto community cut off a conference with Craig Wright as one of the panelists

Top-3 coins price overview 

BTC/USD touched an intraday low at $8,089 during early Asian hours but managed to recover to $8,170 by the time of writing. The first digital asset has lost nearly 2% of its value in recent 24 hours and stayed unchanged since the beginning of the day. The initial resistance is created by $8,300 - this barrier has been limiting Bitcoin’s recovery since the beginning of the week.
 
Ethereum, the second-largest digital asset with the current market capitalization of $19.5 billion, is changing hands marginally above $180.00. ETH/USD has lost 2.7% of its value on a day-on-day basis amid global sell-off on the cryptocurrency market. The coin attempted a recovery above $181.00, but the upside momentum failed to gain traction.
  
Ripple’s XRP dropped back below $0.2900 handle to trade at $0.2880 by the time of writing. The coin has lost 2%, though the short-term trend is about to turn bullish again, provided that XRP/USD regains ground above $0.2900.

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

Bitcoin Price Analysis: BTC/USD consolidation lags triangle breakout

Bitcoin remained under pressure during the entire weekend. The attempts made to stay above $7,200 support failed, leaving to the path of least resist ace to be below $7,000. Bitcoin’s immediate upside is limited by the 50 SMA on the 2H chart.

More Bitcoin News

Ethereum Price Update: ETH/USD defends $140 support yet again

Ethereum is largely unchanged compared to the levels towards the end of last week. The pressure oozing from the bears continued across the weekend session. Besides action beyond $145 remained limited.

More Ethereum News

Ripple Price Analysis: XRP/USD spirals in freshly reignited downward momentum

Ripple has ignited the bearish momentum breaking the weekend-long support at $0.2160. The losses come after an attempt to break out from the descending channel resistance failed.

More Ripple News

Cardano’s IOHK celebrates 120 staking pulls less than 24 hours after testnet launch

The research firm in charge of developing Cardano, a major cryptocurrency, IOHK was delighted to announce the fantastic performance of the newly launched testnet.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP