Crypto market overview: Bitcoin (BTC) dangerously close to $6,400; Ripple defies gravity

0
  • All major coins are rangebound after the successful start of the week.
  • Ripple’s XRP is the best-performer with nearly 9% gains on a daily basis.

Cryptocurrency market stays calm after a short period of rebound at the beginning of the week. While the majority of top-20 virtual coins are in green since this time on Monday, the upside momentum is waning amid low volatility. The total value of digital assets has settled at $213B against $212 on Monday.

One Bitcoin is going for  $6,401, dangerously close to an important support level. The world’s biggest virtual coin stays unchanged since the beginning of Tuesday and down 0.68% on a day-on-day basis. 

Ethereum is changing hands at $209.8, unchanged both on a daily basis and since the start of the day. The second largest coin stays within a narrow range, supported by 38.2% Fibo retracement monthly at $207, and capped by Sunday high at $218.

Ripple’s XRP is one of the most successful coins out there with nearly 2% gains on Tuesday morning. XRP/UD is changing hands at $0.50 after touching $0.5169 during early Asian hours. On a daily basis, the third largest digital coin gained over 8.8%. 

Bitcoin Cash has calmed down after two days of strong growth. BCH/USD is trading at $561 at the time of writing amid decreased volatility and reduced trading volumes. The pumping related to the upcoming fork seems to be over. 

TOP-20 leaders and outsiders of the recent 24 hours

  • Ripple’s coin is the growth leaders with 8.8% gains.
  • NEM and NEO have lost 1.2% and 0.9% respectively.

What’s going in the crypto universe

Canadian cryptocurrency exchange adds 22 trading pairs with XRP

China aims to ban token airdrops in an attempt to tighten the approach towards ICO and cryptocurrency industry

Bitcoin trading volumes decreased significantly in October

 

Get the 5 most predictable currency pairs

About Author