Tanya Abrosimova
Independent Analyst
- Bitcoin resumed the downside during Asian hours.
- Huobi token is the worst-performing altcoin with over 8% of losses.
The cryptocurrency market is range-bound mostly with a bearish bias as Bitcoin and all major altcoins are consolidating losses incurred during the previous days. The total market capitalization decreased to $245 billion from $249 billion this time on Thursday; an average daily trading volume increased to $55 billion, while Bitcoin’s market dominance stayed marginally above $69.0%.
Top-3 coins price overview
BTC/USD is hovering below $9,500, having recovered from the intraday low of $9,344. The first digital asset has lost about 1.75% on a day-on-day basis and stayed unchanged since the beginning of the day. The coin is consolidating losses amid decreasing volatility.
Ethereum, the second-largest digital asset with the current market capitalization of $18 billion, follows Bitcoin’s lead. ETH/USD is changing hands at $168.30, unchanged since the beginning of the day and down 1.5% in recent 24 hours.
Ripple’s XRP is range-bound during early Asian hours. The third-largest coin is changing hands at $0.2545, mostly unchanged both on a day-on-day basis and since the beginning of Friday. XRP/USD is supported by $0.2500 handle; however, the recovery momentum is weak.
The biggest altcoin market-movers
Huobi token is the biggest loser of the day. The coin is down 8% from this time on Thursday. Monero and Ethereum Classic are also outsiders. Both coins are down more than 6%.
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
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?