- The market is mostly green with Dash and IOTA leading the bulls.
- Bitcoin is trading plunges from $6,400 to and finds support at $6,200.
It is becoming extremely hard to predict price action in the cryptocurrency market. Usually, when a market has extended its consolidation levels, the price action that falls most of the time is a bullish move. However, a couple consolidation periods for the major cryptocurrencies had resulted in bear corrections breaking key support levels.
Bitcoin, alongside other top 20 cryptocurrencies, has in the past couple weeks recorded low volatility levels. This statement is true disregarding the brief pump that was fueled by the selloff witnessed in Tether (USDT). Moreover, there was a slide in prices yesterday with Bitcoin dropping from trading roughly at $6,400 to the extent of testing the support at $6,200. The same move was witnessed in Ethereum and Ripple which dropped below $200 and $0.45 respectively.
At press time the market is mixed red and green with Bitcoin recording a 0.14% drop while NEO is down 0.36%. The rest of the top 20 cryptos are slightly in the green on Tuesday.
Biggest daily gainers
Dash (DASH) and IOTA (IOT) are the bulls among the bears today. Dash is recording gains more than 2% while IOTA is up 1.81% on the day. Dash is a $1.2 billion cryptocurrency currently ranked 12th in the market. It has a 24-hour exchange volume of $168 million. On the other hand, IOTA is currently ranked as the 13th largest crypto boasting of a market cap of $1.26 billion.