Home Bitcoin, Ethereum, Ripple overview: the market flashes green
Crypto News

Bitcoin, Ethereum, Ripple overview: the market flashes green

  • Major cryptocurrencies are on recovery mode.
  • Stellar is the growth leader of the day.

Cryptocurrency market is flashing green. The recovery has been gaining traction since the weekend; however we still have a number of essential barriers ahead. The total capitalization of all digital assets in circulation reached $135.2B, which is the highest level since February 24.

What’s going on on

Stellar is an apparent leader of the day. The coin has gained over 10% since this time on Sunday and touched $0.1040 during early Asian hours on Monday. The coin is changing hands at $0.1027 amid strong bullish momentum. Stellar has closed a bearish gap created on January 25, which means that the prices might proceed higher with the next focus on $0.1090-$0.11.

Binance Coin is another star of the previous week. BNB managed to gain nearly 30% in recent seven days; however, the upside momentum is losing traction. The coin takes the seventh place in the cryptocurrency rating with a market capitalization of $2B. It is trading at $14.75 at the time o writing, off the early Asian high $14.94.
 
Bitcoin (BTC) jumped to $3,947 on Saturday, but failed to hold the ground and retraced to $3,900 handle. At the time of writing the first digital coin is trying to push above this resistance area with no success so far. BTC is mostly unchanged on a day-on-day basis and 3.6% higher on a weekly basis.

Ethereum (ETH), the second largest coin by market value, is changing hands at $136.8, unchanged on a day-on-day basis. ETH/USD is moving within a short-term bearish trend with the critical support noted at $135.00.

Ripple’s XRP, the third largest coin, is paralyzed at $0.3144. The coin has been rangebound after a failed attempt to move above $0.3200, which means more consolidation with bearish bias may be in store.
 
 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.