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  • Bitcoin regained some ground, but it is still below $4,000
  • Altcoins are in a green zone, but the recovery may be short-lived.

The cryptocurrency market stopped falling and attempted to form a short-term bottom around the current levels. However, Bitcoin and all major altcoins are still below the key levels, which means that the recovery may be short-lived, as always. The total value of all digital assets in circulation increased to $126B from $122B on Tuesday.

Bitcoin, the cryptocurrency No.1 both by market value and popularity, has gained over 3% in recent 24 hours to trade at $3,800 by the time of writing. The coin still stays below critical $4,000 despite improved sentiments. If the upside momentum gains traction during European morning, Bitcoin bulls’ will get a chance to snatch control over the situation.

Ripple’s XRP is hovering at $0.3652, up over 3.6% on a day-on-day basis. The second largest digital asset with market value $14.6B is recovering from Sunday lows at $0.3237, though the price is still below $0.40 handle, which mires the short-term technical picture.  

Ethereum is trading 5% higher than this time on Tuesday and mostly unchanged since the beginning of Wednesday. The third largest coin with a market value of about $11B is changing hands at $111 at the time of writing, off the recent low of $100.87 touched on Tuesday. The short-term ETH trend is strongly bullish, though the market lacks momentum, while the volatility is low.

Bitcoin SV is the biggest market loser today. The coin has lost over 27% of its value since this time on Tuesday to trade at $84.20 at press time. Now it takes the 9th place in cryptocurrency rating provided by CoinMarketCap.

What’s going on in the crypto universe

BitTorrent and µTorrent can now use TRON to pay for services.

Vinny Lingham says Bitcoin bears won’t push the price below $3,000

Bitcoin SV made its way into the list of 10 largest coin, How comes?