- Bitcoin and major altcoins are rangebound with a bearish bias.
- Ethereum is dangerously close to $200.
Digital assets including Bitcoin and all major altcoins spent Wednesday in tight ranges amid vanishing volatility and low trading activity. The total cryptocurrency market value dipped below $210B to $208B.
Bitcoin, the world’s leading cryptocurrency, is changing hands at $6,388 at the time of writing. BTC/USD has been locked in $6,300-$6,500 range for nearly two weeks with no sign of a breakthrough as of yet.
Ripple’s XRP has lost 2% in recent 24 hours and turned from the growth leader to an underperformer. XRP/USD is changing hands at $0.4588 within a bullish short-term trend. The coin has a chance to recover losses later during the day.
Ethereum dropped to $201 handle by press time. The second largest coin by market value is down 1% since this time on Wednesday, while a sustainable move under $200 will mean trouble for ETH/USD.
Stellar, the 6th largest coin, is the worst performing coin out of top-10m down 2.6% on a day-on-day basis.
Share
