The crypto markets are working hard to maintain the delicate balance and has released the selling pressure despite the bears generally being still in control. The crypto board continues to be a mix of reds and greens, however, a few digital assets are building momentum and taking the altcoins for a ride.
The market capitalization is inching up and is now at $141.6 Billion from yesterday’s $139.4 Billion. The trading volume has also increased and is now at $32.7 Billion and the Bitcoin dominance is at 50.8%.
Bitcoin has been moving upwards since last week after getting over the $3800 hump. It has found support at $4k but has stayed at the lower part of $4k and struggled to stay there. During the past three days, the bulls are trying hard to move above $4040 and have only succeeded today during the early Asian trading session. At the time of this writing, it is trading at $4083 with a day gain of 0.96%. The technical analysts point at a near breakout to $4200 which will mean a better view at recovery. Technical indicators such as the MACD, RSI, and Money Flow Index are all in favor of a near bullish sweep.
Ethereum has finally reached back to $140. A sustainable move above this area will bring it nearer to recovery and create better opportunities for a further upside movement. The next target is at $146 with the former high at $146.13. Once this barrier is broken, $150.00 will come into view. XRP is also moving upwards albeit very slowly as it had done in the past BTC upsurges. At $13.2 Billion, it’s $1.5 Billion away from Ethereum’s market capitalization.
The rest of the Top 10 has been rather slow to catch up and is still locked in a range of under 1% win/loss. Only Bitcoin Cash and Litecoin have gained a relatively decent 1+% at the time of this writing.
The Top 25 is where all the action is happening. Ontology has been making noise with a 24.79% pump during the past 24 hours. Tezos is also moving higher with a second-day pump and a new 20.02% growth on the day. VeChain catches up with the double-digit party at 10.15%.
Down the Top 100, Ravencoin leads the double-digit gainers with a 19.10% gain, followed by IOST at 16.53% gain on the day. Kucoin Shares. Maximine Coin and MOAC round off our double-digit gainers at 11-15% gain.