• Bitcoin (BTC) has settled settle above $8,200 as the upside momentum is losing traction.
  • Altcoins are range-bound with bearish bias during early Monday hours. 

Bitcoin has recovered above $8,000 to trade at $8,220 at the time of writing. However, the upside momentum seems to be fading away as all major digital assets are nursing marginal losses during early Asian hours on Monday. The total cryptocurrency market capitalization settled at $222 billion, an average daily  trading volume is registered at $57 billion, while Bitcoin's market share recovered to 66.6%

Top-3 coins price overview 

BTC/USD took off from the support of  $7,800 on Sunday and broke above $8,000 barrier; However, the upside momentum faded away on approach to $8,300. Despite the retracement from the recent high, BTC/USD is trading with 3.5% of gains on a day-to-day basis, unchanged since the beginning of Monday. 
 
Ethereum, the second-largest digital asset with the current market capitalization of $18.9 billion, is hovering at $174.53, off the recent high registered at $175.72. Looking technically, ETH/USD is vulnerable to further losses as long as the critical Resistance of $180.00 remains unbroken. ETH/USD has gained nearly 2% in the recent 24 hours.
  
Ripple’s XRP has gained about 1.3% of its value to trade marginally above $0.2900 at the time of writing. XRP/USD has retreated from thee intraday y high of $0.2949 as the upside momentum fade away on approach to the critical resistance level. Ripple's current market value is registered at $12.6 billion, while an average daily trading volume stays at $1.6 billion, according to CoinMarketCap's data.

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Editors’ Picks

BTC/USD must overcome resistance at $8,985 to re-enter the $9,000 zone

BTC/USD has had a bearish start to the day following a bullish Tue. So far this Wed, the price of the asset went down from $8,811.45 to $8,773. This followed a pretty bullish Tue, wherein BTC/USD went up from $8,720.50 to $8,811.45.

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Ripple price overview: XRP/USD triangle breakout fails to materialize

XRP is also in the red on the third day of this week’s trading. The Asian trading session has been characterized by bearish action where Ripple kicked off the day at $0.2722 but touched an intraday ...

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Chinese news agency hails bitcoin as “first successful application of blockchain”

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Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast

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