- Bitcoin stays under $4,000 handle, recovering after the weekend collapse.
- Altcoins are gaining ground, all top-20 coins are deep in green.
The cryptocurrency market is recovering after another weekend epic collapse. As Bitcoin and all major altcoin are in a green zone, many cryptocurrency bulls are calling this setup a once in a lifetime opportunity to jump the train before it departs to the moon.
The current capitalization of all digital assets in circulation is about $129B, up from $115.5B registered on Sunday.
Bitcoin, the largest cryptocurrency by market value, gained about 5% in recent 24 hours to trade at $3,950 by the time of writing. The coin collapsed to $3,466 low on Sunday and now the price is attempting to recover above critical $4,000 with no success so far. We need to see the momentum growing once European players join the game.
Ripple’s XRP is hovering at $0.3760, up over 8.5% on a day-on-day basis. The second largest digital asset with market value $15B is rangebound amid declining volatility after a failed attempt to get above $0.40 handle. XRP/USD touched $0.3237 low on Sunday.
Ethereum has gained about 5% to trade at $115 by press time. The third largest coin will market value of about $11B dropped as low as $100.97 on Sunday before new buyers came in and saved ETH from a collapse under $100 handle.
What’s going on in the crypto universe
The US-based cryptocurrency exchange faces a lawsuit
Experts believe the exodus will start once Bitcoin is under $3,000
Chinese miners rush to unplug their equipment as it is not profitable to mine cryptos anymore
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