- The majority of top-20 are in red; overall picture is mixed
- Bitcoin slips below important support zone
- NEM is the market leader witn over 16% gains.
The global cryptocurrency market is a mixed picture, though the majority of coins are in the red zone following a short-lived rebound during the previous week. The total market value slipped to $211B from $213 on Monday; trading volumes remain subdued.
Bitcoin is moving within a short-term bearish trend. The digital coin No. 1 touched the session low at $6,250 before recovering to $6,288 by the time of writing. BTC is down 1% in the recent 24 hours and about 0.8% since the beginning of Tuesday.
Ethereum is changing hands at $209.40 amid strongly bearish sentiments. The coin touched $207 handle during early Asian hours, losing 1.4% on a day-on-day basis. The second largest coin with the current market value of $21.4B.
Ripple’s XRP touched $0.5205 high and retraced to $0.5174 by the time of writing. The third largest digital asset has gained 1.5% in recent 24 hours to become the only “green” coin out of top-10.
Bitcoin Cash is under pressure. The fourth largest coin settled at $512 after having lost 3.7% in the recent 24 hours. BCH/USD touched $506 low during Asian session before new buyers joined the market to save the game.
NEM is the market leader of the day, gaining over 16% in the recent 24 hours. The coin sits at the 16th place with a market capitalization $976M. NEM, which is also known as “Japanese Ethereum” experienced a tenfold growth of trading volumes on Monday.
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