The crypto market is culminating this Friday in a positive but lackluster week as altcoins continue to strengthen while the Bitcoin is consolidating. The crypto board is a mix of reds and greens but the wins eclipse the losses today.
The total market capitalization is still locked in resistance at $135 Billion but the trading volume is trending up today at $33.6 Billion from yesterday’s $28.8 Billion. The bitcoin dominance is at an all-time low this 2018 at 50.9%. Altcoins are slowly building up and is almost eating up half of the crypto market pie.
Bitcoin had a bout of volatility as it rose up to as high as $3945 before going down to as low as $3900, then going back up to its current level at $3925. The volume is back up and is now at $10.6 Billion while the technical indicators are going over to the bullish zone. It has gained a minimal 0.33% on the day.
Ethereum is recovering from its drop near the $130. It has crawled back to $134.54 at the time of this writing and gained 0.85% on the day. The asset is turning bullish as well and may gather momentum if Bitcoin stays on the course. The next resistance is at the $135 level. If it clears this in the short term, the asset can jump back to $140 soon. XRP, its nearest competitor, is still not moving at $0.31 and has lost a minimal -0.24% on the day.
The rest of the Top 10 is back to a pensive mood this morning with a slow growth and some losses. Bitcoin Cash is the biggest gainer at a modest 2% gain on the day. Binance Coin is back on the positive and has recovered back to $15.21 on the day. It has gained 1.72% on the day. Litecoin is also making some decent gains at 1.36% but Stellar which recently dethroned Tether on the 8th place in the market capitalization has lost -3.98% on the day. The rest has fallen back between 0-1%.
The Top 25 had a rockstar today as the Crypto.com Chain is still forcing its way up the market cap list as listing on Upbit Exchange adds new liquidity. It has now reached the 21st position with a 43.60% pump earlier on the day. The rest are making good gains such as NEM which follows with a more modest but still a huge gain today at 8.59%. Cardano also climbed to $0.049 and gained 6.49% during the Asian trading session. It has ascended back to the 11th position, taking Bitcoin SV’s place. The rest are positive between 0-3% and is pushing to make the day greener.
Down the Top 100, QTUM is having a good run at 18.17% gain today as it announced Zeux Payments partnership payments yesterday that allows Samsung and Apple Pay. Digitex Futures is also having another good day with an addition of 16.95% to its price today. The rest of the double-digit gainers are Lisk, Crypto.com, Komodo, and Verge -all making between 10-15%. There are no big losers on the Top 100 today.