Bitcoin Gathers Strength At $5200, Takes Crypto Market Back To The Green

The downtrend yesterday proved fleeting as the bulls spearheaded a recovery attempt during the early Asian trading session. The crypto board is back on the green and most assets are getting ready for another uptrend. Major coins are recovering and volatility is making rounds on the Top 100.


The market capitalization is now at $176 Billion, up by $3 Billion from yesterday. Despite that, though, the market volume keeps dropping and is now down to $40 Billion, compared to the $43 Billion yesterday. The BTC dominance is getting higher at 52.4%.


The Bitcoin is leading this surge with price up by 2.62% at the time of this writing and trading at $5228. It went as high as $5270 before pulling back to its current price. As we have mentioned yesterday the nearest ceiling to beat is $5400. On the downside, its support is currently at $5100.



The Ethereum is following the footsteps of its big brother with a 1.52% gain to trade at $165.95. Bulls came close to bringing it back up to $170 resistance during the Asian trading hours but since it’s following the market, it immediately suffered a relapse. On the upside, breaching $170 can bring the coin higher to $175 resistance. XRP is not biting out of the green pie as much as its followers would like and are still on a low volatility rating. It has only gained 0.26% on the day, to trade at $0.32.



The rest of the Top 10 is riding the wave and most are green at the moment with only Bitcoin Cash in the reds as it suffers from a pullback because of yesterday’s uptrend. Today’s top performer is Stellar with a 2.03% gain. It is followed by Binance Coin reaching $19.68 with a 1.07% gain on the day. The rest are all under 1% gains.


The Top 25 are in the same trend and Chain even managed a double-digit run with an 11.75% gain on the day. Tezos follows closely with a 9.85% gain to trade at $1.20. Basic Attention Token is making noise everywhere on social media and is now on the road to higher gains at 8.53%. The rest are all positive with the exception of Maker with a -5.06% loss.


Down the Top 100, Bibox Token is the top performer with a 15.11% gain, followed by Holo at 14.95% gain. On the other end is ABBC Coin with a loss of -8.25% on the day. The rest are fairly green at the moment and only a few are on the red end of the deal.


Source link

Leave a Reply

Close Panel