• Bitcoin (BTC) has been hovering at $8,300 recently amid market indecision.
  • Ripple's XRP stopped within a whisker of critical $0.30.

Low trading activity on the cryptocurrency market has been keeping Bitcoin and all major altcoins in tight rangers since the beginning of the week.  The total market capitalization of digital assets in circulation has barely changed in recent 24 hours. At the time of writing it is registered at $226 billion according to CoinMarketCap data. An average daily trading volume edged to $52. Bitcoin’s market decreased to 66.3%, which is the lowest level since the beginning of August. 

Top-3 coins price overview 

BTC/USD is trading marginally above to $8,300 handle unchanged both on a day-on-day basis and since the beginning of the day. The initial resistance is created by $8,500, though we will need to see a sustainable move above $8,700 for the recovery to gain traction with the next focus on $9,000.
 
Ethereum, the second-largest digital asset with the current market capitalization of $20.1 billion, has gained 1.2% in recent 24 hours to trade above $185.00 by press time. The coin retreated from an Asian high of $188.60 amid growing bearish sentiments on the intraday level.
  
Ripple’s XRP is one of the best performing coins out of top-10. XRP/USD hit $0.2995 high during early Asian hours before retreating to $0.2958. XRP is changing hands with nearly 3% gains on a day-on-day basis through the further upside may be limited at this stage.  

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300. A shall green candle on a weekly chart is a promising signal, though the market is still gripped with uncertainty at this stage. 

More Bitcoin News

XRP/USD drops below $0.2000 after a failure at $0.2030

XRP/USD tested the intraday high at $0.2031, but the strong resistance located around this area discouraged the short-term bulls and pushed XRP/USD below $0.2000 by press time.

More Ripple News

ETH/USD breaks out into the $220 zone, will it be $230 or $210 next?

Ethereum price followed in the footsteps of the largest cryptocurrency by market capitalization, Bitcoin. BTC sprung upwards and for the first time in seven days, stepped above $9,600.

More Ethereum News

EOS/USD slumps below 4-hour SMA200, focus on $2.54

EOS/USD attempted a recovery above 4-hour SMA200 (currently at $2.65) and touched the intraday high at $2.67. However, the upside momentum proved unsustainable as the price of the digital asset dropped to $2.62

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

BTC

ETH

XRP