- All major coins are oscillating within the recent ranges amid the directionless market.
- Bitcoin SV is the best-performer with 5% gains on a daily basis.
The cryptocurrency market is mostly in a green zone with Bitcoin and all major altcoins attempting a recovery from Monday’s lows. However, the bullish day-on-day momentum may be deceptive as the prices are still moving within the recent consolidation channels.
The total market capitalization has increased to $251 billion. The average daily trading volumes settled at $176 billion, while Bitcoin’s dominance retreated to 63.7%.
Top-3 coins price overview:
Bitcoin stopped within a whicker of critical $9,000. At the time of writing it is changing hands at $8,890. BTC/USD. The next cluster of buy orders is located on the approach to $8,700. This support area is reinforced by SMA100 and SMA50 on the 1-hour chart. BTC/USD has gained about 2.5% on a day-to-day basis and stayed unchanged since the beginning of the day.
Ethereum jumped above $232.00 during European hours on Tuesday; currently, it is trading at $232.50 with short-term bullish bias. The coin stays positive on a day-to day basis (+3%), though it is unchanged since the start of the day. A sustainable move above psychological $230 helps to mitigate the immediate downside pressure and allow for an extended recovery.
Ripple’s XRP is locked in a range limited by $0.2300 and $0.2400. The third-largest coin came close to the upper boundary of the channel, but the upside momentum was not strong enough to take it higher. XRP/USD is down 1.8% since the beginning of Tuesday and mostly unchanged on a day-to-day basis.
Read also: Ripple Price Analysis: XRP/USD bulls failed to reclaim $0.2400; consolidation ahead
The biggest market-movers:
Bitcoin SV (BSV) is the best-performing asset on Tuesday. The Bitcoin Cash’s fork is 5% higher since this time on Monday, trading at $246.44.
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