Cryptocurrency market is a mixed picture on Thursday with many altcoins seeing substantial losses after a strong rally at the beginning of the week. Despite a lot of red colors on the charts, the total capitalization of all digital assets in circulation stays at $174B, marginally higher from $173 this time yesterday. Also, notably, an average daily trading volume has been growing steadily in recent days.
Top-3 coins price overview:
- Bitcoin (BTC) is hovering around $5,000 handle, mostly unchanged since the beginning of the day. The upside momentum is losing traction amid declining volatility following strong moves at the beginning of the week.
- Ethereum (ETH) slipped to $162.00 by the tome of writing. The coin has lost 4% since this time on Wednesday amid technical correction.
- Ripple’s XRP stays above $0.3400, having recovered from an intraday low of $0.3367. The third largest digital asset lost 4% on a daily basis.
The biggest market-movers:
- Bitcoin Cash (BCH) remains the best perming cryptocurrency of the day. The 6th largest digital coin gained over 16% in recent 24 hours to trade above $300.
- Litecoin (LTC) returned to the area above $84.00 by the time of writing. LTC/USD is 6.5% higher than this time on Wednesday.
- Tron (TRX) is down 7.7% on a day-on-day basis to trade at $0.0263 by the time of writing.
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