Cryptocurrencies Price Analysis: Bitcoin, Binance Coin, TRON, Ethereum Classic, MIOTA 

  • The crypto market has taken an opposite turn in today’s financial trading trade. Bitcoin is again on the critical price of $6.5k and looking to break below it. ETH is also suffering heavy price corrections again with the levels dipping to $130.
  • Just when the crypto market was building overall sustainable bullish momentum, the bears surprised the majority of the crypto assets.
  • The overall market capitalization is $185,269,841,028 and volume traded is $142,007,604,985. The overall dominance of BTC remains at 65%.

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Source: Coin360

Bitcoin (BTC) Price Analysis 

Source: Coin360

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Bitcoin is having a roller-coaster price movement since yesterday. The world’s largest cryptoasset provided some relief to the crypto investors by crossing the crucial price level of $6.5. It also looked strong to break another crucial level of $7k. However, the resistance of $6900 came in between and put a halt on the bullish move. Since then, BTC has been a victim of bearish move again in the market. It is now again looking to break below $6.5k which is certainly not a good sign. The current price is $6629.03 with the market cap of $121,153,781,035,150 and volume traded of $46,510,350,985. The cryptoasset may find the support level of $6500 and $6200 if the bears are not that impactful.

Binance Coin (BNB) Price Analysis 

Source: Coin360

BNB has also slipped from its crucial price level of $12.00 in today’s market with a downtrend of -1.25%. The BNB/BTC pair is also facing a downtrend of 0.85% with a level of 0.00185573 BTC. The current price is $12.19 with the market cap of $1,896,213,356 and volume traded of $337,090,076. If the overall downtrend in the market continues, the altcoin may reach a critical price area of $11.00 any time soon. However, there is still a major support level of $10.00 for the cryptoasset.

TRON (TRX) Price Analysis 

Source: Coin360

TRON is on the critical price area of $0.011 due to the negative momentum in today’s market. It is facing an overall loss of -1.23%. The TRX/BTC pair is also facing a downtrend of -0.35% with the level of 0.00000172 BTC. The current price of tron is at the level of $0.011 with the market cap of $759,587,465 and volume traded of $1,047,568,852. A break below $0.010 will indicate that the altcoin may face a further downtrend in the market with the major support level of $0.0070.

Ethereum Classic (ETC) Price Analysis 

Source: Coin360

Ethereum Classic is surviving on a crucial support level of $5.00 with a significant downtrend in today’s market. It is facing an overall loss of -1.76%. The ETC/BTC pair is also facing a significant decline of -1.45% with the level of 0.00076491 BTC. The current price level is $5.00 with a market cap of $ 589,107,243 and a volume traded of $1,798,746,024. If it breaks below the level of $5 it will open up the vulnerability of a significant downtrend for the cryptoasset.

IOTA(MIOTA) Price Analysis 

Source: Coin360

IOTA is also suffering major price corrections and downtrend in the market. It is facing an overall loss of 2.85% in today’s crypto market. The IOTA/BTC pair is also facing a significant downtrend with an overall loss of 1.09% with a level of 0.00002185. IOTA again broke below the support level of $0.15 making it vulnerable to the critical area of $0.10. The current price is at the level of $0.14 with the market cap of $402,642,090 and volume traded of $11,732,834. IOTA still somehow can find another support level of $0.12 which can prevent the crypto asset from any further downfall.

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

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