- Major cryptocurrencies are recovering within the recent ranges.
- The Big Three show marginal gains.
Cryptocurrency market partially reclaimed the ground lost during the previous sessions. The capitalization of all digital assets in circulation increased to $134B from $132B the day before, while all significant coins except Bitcoin SV and Tether demonstrated positive momentum.
Out of top-20, Privacy coins like Dash and Zcash are doing better than the rest of the pack. VeChain – now the 22nd largest coin – gained 18% on a day-on-day basis.
What’s going on on
Bitcoin (BTC) stays in the middle of $3,800-$3,900 range. The price touched $3,875 high on Tuesday, but the momentum faded away on approach to the critical resistance. BTC/USD has gained about 1% in recent 24 hours to trade at $3,856 at the time of writing.
Ethereum (ETH), the second largest coin by market value, is changing hands at $133.63, also 1% higher from this time on Tuesday. ETH/USD retraced from the intraday high of $134.75 amid profit-taking on speculative longs ahead of critical short-term resistance $135.00.
Ripple’s XRP, the third largest coin, returned to the area above $0.3100 to trade at $0.3110 by press time. The coin has been locked in a tight range for several days. The next significant support lies with $0.3000; the resistance of notice is $0.3200.
Litecoin (LTC), now the fourth largest digital asset with a market capitalization of $3.45B is trading at $56.82, nearly 5% higher from this time on Tuesday. Litecoin has been doing well recently; however, for a sustainable long-term recovery, we will need to see a viable move above $60.00.
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