- Bitcoin (BTC) retreats from a strong resistance before another bullish assault.
- Ripple’s XRP is the best-performer with 11% gains on a daily basis.
Altcoins have gone wild, while Bitcoin stays in a range after a sharp retreat during early Asian hours. The total market capitalization surpassed $300 billion and hit $305 billion, while an average daily trading volume jumped to $118 billion. Bitcoin dominance collapsed to 61.7%
Top-3 coins price overview:
Bitcoin hit a new high of 2020 at $10,504 and retreated sharply towards $10,094. At the time of writing, BTC/USD is changing hands at $10,297 mostly unchanged since the beginning of the day. A thick layer of orders clustered around critical resistance triggered the downside correction; however, the coin managed to stay above $10,000.
Ethereum staged an impressive recovery towards $274.84 during early Asian hours. At the time of writing, ETH/USD is trading at $272.50 with over 7% gains on a day-to-day basis. Ethereum is moving within a strong bullish trend amid expanding volatility.
Ripple’s XRP is a star today. The coin recovered from the slump during Asian hours and hit a new high at $0.3389. The third-largest coin has been trading with strong bullish bias and gained over 11% in recent 24 hours.
Read also:
Ripple Price Analysis: XRP/USD is bullish as long as it stays above $0.2860
The biggest market-movers:
Stellar (XLM) gained over 7% in recent 24 hours amid general bearish trend amid altcoins. Cardano (ADA) is another winner out of top-20 with 6% of growth. Meanwhile IOTA is down 4% despite a recovery on the cryptocurrency market.
Read also:
IOTA Price Analysis: Shooting star bodes ill for IOT/USD
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