The cryptocurrency market has accumulated enough power to set new local peaks. However, the rise does not apply to all coins from the top 10 list. Most of them have grown by less than 1% over the past day.
Take a look at the key data for the top 3 coins.
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$173 011 126 061 |
$9 409.03 |
$31 992 937 685 |
3.15% |
|
Ethereum |
ETH |
$23 433 051 560 |
$210.89 |
$10 247 110 659 |
1.83% |
|
XRP |
XRP |
$8 730 321 597 |
$0.197909 |
$1 546 126 303 |
-0.57% |
BTC/USD
Bitcoin (BTC) has continued its price blast. Growth over the past 24 hours has amounted to 2.81%. At the moment, the main crypto has absorbed almost all of the decline from the past week.
On the 4H chart, Bitcoin (BTC) has broken out of the consolidation zone and continued growing to the closest resistance at $9,600. Even though the liquidity is low, the trading volume is rising, which a good signal in terms of a continued rise. If nothing critical changes and buyers can consolidate at the current zone, the $9,600 mark will be attained by the end of the week.
Bitcoin is trading at $9,406 at press time.
ETH/USD
Ethereum (ETH) is performing worse than Bitcoin (BTC) in the current rise. Its rate has risen only 1.31% since yesterday.
Although Ethereum (ETH) has shown less growth than Bitcoin (BTC), it still has the potential to rise. Currently, the price increase is support by high liquidity as well as trading volume. In this case, the closest area in which bulls might incur problems is the 261.8% ($215) level of the Fibonacci retracement. If buyers manage to break this, the bullish trend will hold.
Ethereum is trading at $209.78 at press time.
XRP/USD
XRP is trading as it usually does in phases of growth, falling against the rising market. The decline over the past day has amounted to 0.96%.
XRP is still being dominated by bears on the 4H time frame. Lowering heights are forming, which is a signal of continued decline. Also, there is low liquidity in the current area, which is not good for bulls. Summing up, traders can expect XRP to reach $0.19 shortly. The only alternative would be if buyers seize the initiative and the trading volume increases.
XRP is trading at $0.1965 at press time.