Crypto Market Capitalization Stagnant At $120 Billion, BTC Struggles Below $3650

Things are starting to feel unsteady in the crypto markets today as the crypto-board are getting redder by the moment. The losses are minimal at the moment but the majority of the assets in the crypto-board are feeling the pullback.

 

The market capitalization is now standing at $120.2 Billion while the volume is receding at $19.9 Billion. The BTC dominance is a point higher at 52.9%.

 

Bitcoin dipped under $3600 as predicted and new resistance levels are forming at a lower level for the past 24 hours. Bitcoin is currently trading at $3610 with a loss of -0.88% on the day as short-term traders take home profits. It needs to maintain its price above the $3500 in order to resume its upward movement, however, it needs a decided push above the new resistance at $3650.

 

 

Ethereum has not moved from $120 with a minimal loss at -0.47% on the day. On Monday, it was at $126 but, like Bitcoin, it was a victim of short-term traders taking home their gains. It’s still ahead XRP by market cap but only by $300K. XRP itself lost -1.06% on the day. The next resistance is at $122 with the support level at $119.

 

 

The rest of the Top 10 are red with only EOS barely making it at 0.32%. Binance Coin is in a pullback at -5.02% loss on the day. Its price has now fallen back to $9.21. Tron follows with a loss of -4.76% and Stellar at -3.51%. LTC has also fallen back, but despite profit-taking, it remains at the 4th position on the market cap list. Litecoin has become the second-best performing coin on a weekly basis, earning 27% in the past few days.

 

In contrast, the Top 25 had some decent gains today led by NEO at 5.56% gain. Maker and Dash follows with 4% between them. The rest are at 0-2% gain and loss.

 

Down the Top 100, everything is quiet and stagnant. While there are still the usual pumps, not much has changed overnight. MOAC leads the biggest gainer with a 22.58% gain on the day. Quant follows with a 15% growth today. On the other end, Aurora is hit biggest with a -7.51% loss on the day.

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