Major Coins On A Pullback But Market Capitalization Remains on The Positive

The weekend has generally been positive with a few minor pullbacks that tended to end quickly. There has not been much movement though, especially for the major assets. This morning, the crypto market is generally red with only a few spots of green.

 

The market capitalization is swinging between $133-$135 Billion and is currently at $133.8 at the time of this writing. The daily volume is still high above $30 Billion and the Bitcoin dominance has fallen to 51.6%. The market cap is still up by 3% since last week.

 

Bitcoin almost reached $4k but has now dropped back to $3932 with a loss of -0.33%. It is now in danger of slipping back below $3900 as the technicals are all dipping on the oversold. If it moves above $4k it can finally signal the long-awaited coming of the bulls. As early as now, analysts are predicting $5k by May. On the other end, the nearest support is at $3851 and $3827. Should it fall harder, the next line of defense is at $3738.

 

 

Ethereum has been slipping for the past day and is dropping slowly. It did recover back to $137 earlier but is now back at $136 and a loss of -1.52% on the day. XRP is also on the same boat and is locked at $0.31. Its gap with Ethreum remains at $1.4 Billion.

 

 

Most of the Top 10 are in the red this Sunday morning with only Stellar waving the green flag. Strangely, it has been doing good today after being in the back burner for a while its contemporaries are more on the volatile side. It has made 4.66% on the day and is currently nearing the dollar at $0.093. The biggest losers are Litecoin at 3% loss, and Bitcoin Cash, Binance Coin, and EOS at 2% losses each.

 

On the Top 25, Basic Attention Token or BAT is moving up with the announcement that Brave browser is now beginning the payment of select users viewing ads on the browser. VeChain is having a decent day with 3.99% gain. Cardano and Tezos are both 1+% higher than yesterdays prices. Ontology has begun its pullback with a -6.09% loss while NEO and Maker are slipping with 2-3% losses.

Down the Top 100, Theta is leading the pump list 32.80% growth today as it nears its mainnet launch. QASH is also moving up with a 20.55% gain. Another surprise on the board today is Steem which seems to be springing back on the volatility once again as this is the second time that it’s on our list of the gainers this past month. The other end is a predictable dump for Project Pai with a -15.62% loss, as well as Aurora with a -10.35% loss.

 

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