- All major coins are gaining ground with Bitcoin Cash as a growth leader.
- Bitcoin lags behind as the upside momentum is waning on approach to strong technical levels.
Cryptocurrency market is in recovery mode as all 20 major coins are in a green zone. Total market capitalization has settled at $212B against $209 late on Sunday.
One Bitcoin is going for $6,420, mostly unchanged since the beginning of the day and 1.2% higher since this time on Sunday. The world’s biggest virtual coin needs to move above $6,500 handle for the recovery to gain traction, but the momentum is still weak.
Ethereum is changing hands at $208.8, amid rising volatility. The second largest coin has gained over 4.55% on a daily basis, though it is down 1.7% since the beginning of Monday. The short-term sentiments are bearish, but in the longer-term ETH/USD is safe as long as it stays above $200.00.
Ripple’s XRP gained 2.5% in the recent 24 hours to trade at $0.4620 by press time. The third largest coin by market value touched $0.4701 during early Asian hours, but the gains proved to be unsustainable.
Bitcoin Cash is the best performing digital asset out of top-20 with nearly 10% gains in recent 24 hours. The coin touched $571 high before retracing to $548 by the time of writing.
TOP-20 leaders and outsiders of the recent 24 hours.
- Bitcoin Cash and DASH are the growth leaders with 9.7% and 6.8% gains respectively.
- Bitcoin (BTC) lags behind with just 1/6% gains since this time on Sunday.
What’s going in the crypto universe
Hong Kong regulator might ban Bitcoin trading for retail investors
Bitcoin Cash is getting ready for a hard fork.
Ethereum Foundation partners with Filecoin to create mining hardware for Ethereum 2.0 network.
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