- Bitcoin is glued to critical $10,000 amid market indecision.
- Bitcoin SV and TRON are is the worst-performing altcoin with over 5% of losses.
The global cryptocurrency market remains range-bound on Thursday as traders cannot decide where from here. Bitcoin and most of the major altcoins are hibernating after a sell-off in the beginning of the week. The total market capitalization stays unchanged to $259 billion, an average daily trading volume edged up to $52 billion, while Bitcoin's market dominance increased to $70.0%.
Top-3 coins price overview
At the time of writing, BTC/USD is changing hands marginally above critical $10,000. The first digital asset has stayed unchanged since this time on Wednesday and since the beginning of the day. The coin is moving within a bearish trend on the short-term time-frames amid shrinking volatility.
Ethereum, the second-largest digital asset with the current market capitalization of $19.2 billion, is changing hands at $177.80. ETH/USD has been sliding down recently, though on Thursday morning it has stayed mostly unchanged. The coin attempted a recovery above $179.00 but failed to hold the ground.
Ripple's XRP is moving within a short-term bearish trend amid expanding volatility. The third-largest cryptocurrency asset with the market value of $10.9 moved below $0.2550 support to trade at $0.2520 by the time of writing. XRP/USD has lost 1.2% both in recent 24 hours and since the beginning of Thursday.
Read also: 40% of millennials to invest in cryptocurrencies to hedge against a recession - Survey
The biggest altcoin market-movers
Bitcoin SV (BSV) and TRON (TRX) are the biggest losers of the day out of top-20 assets. Both coins have lost over 5% of their respective values.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
XRP ruling by Judge Torres denied in Coinbase lawsuit, yet another blow to Ripple
XRP programmatic sales ruling by Judge Torres completely rejected by US Court in Coinbase lawsuit. US Court rejected Coinbase’ motion to dismiss SEC lawsuit, weighing heavily on Ripple’s legal battle.
Sushi price eyes $3 after clearing key weekly resistance level
Sushi price flips the $1.628 resistance level into a support floor after a month of struggle. A temporary retracement might be a good opportunity to accumulate SUSHI before a retest of $3. A breakdown of the $1.267 barrier would invalidate the bullish thesis.
Bitcoin Price Outlook: Will $150 billion bank Morgan Stanley send BTC to new ATH?
Bitcoin has recorded increased volatility this week, with most of BTC holders currently in profit. As market activity continues to grow with long-term holders now ramping up on distribution pressure, the pioneer crypto is bearing the brunt of growing overhead pressure.
Coinbase loses first round of battle against SEC
A day after the SEC filed a lawsuit against Binance last year, it went after Coinbase in a sign that the clampdown is extending to key players in the industry. The latest development in the matter is that the court has ruled in favor of the financial regulator, which means the case will continue.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.