Cryptocurrency market analysis: Bitcoin struggling over the $9,300 mark

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

The cryptocurrency market is hovering between bearish and bullish trend. Bitcoin and some of the other altcoin is recovering from the bearish trend and their values have been increased in the previous 24 hours.

The market is surely in recovering mode the market capitalization of the crypto market has reached up to $289 billion, but currently, it is at the value of $287 billion. The 24-hour volume of the crypto market has reached up to $51 billion.

Current Bitcoin Status:

Currently, the Bitcoin is trading at the value of $9,240.64 USD at the time of writing. The currency’s value is increased by 1.03%. The market capitalization of the currency is $164,203,713,811 USD and the 24-hour volume of the currency is $15,898,131,902 USD. The circulating supply of the currency is 17,769,737 BTC. The experts are predicting that the bitcoin will touch $10,000 mark soon with the bullish trend.

On the other hand, other cryptocurrency such as Ethereum is trading at the value of $267.73 and its value is decreasing by -0.22%. The market capitalization of the currency is $28,530,857,727 USD. And the 3rd ranking currency Ripple is trading at the value of $0.427984 USD and its value is decreasing by -1.23%. The market capitalization of the currency is $18,190,165,029 USD.

The losers currencies:

The two worst performer and losers in the cryptocurrency market are Tezos (XTZ) and ZCash (ZEC).

Tezos (XTZ) is trading at the value of $1.17 USD and its value is decreased by -6.34%. On Wednesday it slipped from its 19th ranking to 20th position in the market and today, it slipped up to the 21st position. The currency yesterday was trading at the value of $1.20. On the other hand, ZCash (ZEC) is trading at the value of $108.23 USD and its value is decreasing by -3.05%. Yesterday, it was trading at a value of $110.10 USD.

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