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- The crypto market is having a green day in the current market session with BTC gaining over 2.00% and ETH well above the crucial mark of $350.
- The majority of the cryptocurrencies are having a positive trend with arweave, Swipe, and CyberVein making in the top 3 gainers list.
- On the other side, ABBC coin, Reserve Rights and Loopring are the top three losers facing a downtrend of 8.60%, 8.26%, and 7.78% respectively.
- The overall market capitalization stands at $348,313,107,615 with the 24h volume traded of $91,277,213,388. BTC dominance has reached to 60.96%.
The overall crypto market seems to capitalize on the positive momentum built in yesterday’s trading session. BTC has now crossed the level of $108500 with a strong bullish move whereas ETH also climbed to the level of $360.00 with the help of strong support of $350.00. We can also expect a couple of altcoins trading in the green for the consecutive day which can include LINK, XRP, and OMG.
Top Gainers for the Week
BITCOIN SV (BSV)
Bitcoin SV has shown a tremendous positive rally in today’s market session with an overall gain of 8.30%. The BSV/BTC is also on the positive side with the gain if 6.13% bringing the current level to 0.01611461 BTC. The volume traded has also witnessed a sharp positive spike by $73,811,665. The current market capitalization stands at $3,247,059,403. The price recovery is gradually gaining more pace for BSV in the market after touching a critical area of $150.00 on the downside. The positive rally might be able to help the cryptoasset to reclaim $200.00 if the overall market conditions favor it.
BITCOIN CASH (BCH)
BCH is also on the positive move with the overall gain of 4.67%. However, its hunt for crossing the resistance level of $230.00 continues in the market. The market capitalization stands at $4,247,123,600 with the 24h volume traded of $1,677,688,222. The cryptoasset had a sudden bump from the level of $218 to the resistance level of $230 in yesterday’s market. Breaking and sustaining above the crucial resistance of $230.00 will be a major positive sign for a bullish move.
Top Losers of the Market
NEO (NEO)
Neo is unable to tackle the resistance area in between the price range of $23.00 to $25.00 which has resulted in a current downtrend in the market. It is facing an overall loss of -3.19% with the current price of $20.14(at the time of writing). The current market capitalization stands at $1,420,758,664 with the 24h volume traded of $590,178,630. Due to the downfall, neo might heavenly rely on the support level of $17.00.
ICON (ICX)
The uptrend build by ICON past a few days back have been starting to fade off in the market as it is back again on the level of $0.40. The coin is unable to cross the mark of $0.42 which has resulted in the comeback of bulls. Currently, it is having an overall loss of -1.60% with the price of $0.409239 bringing the market capitalization to $232,160,516. The 24h volume traded has seen a little increase of $2554809 with ICX/BTC pair performing negative with the loss of -1.79%. As of now, the altcoin has a major support level of $0.405 and $0.402 respectively which might prevent it from further decline.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
