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- Due to the dull global market, the crypto market decreased by 2.20% major coin also trading in red Bitcoin at $10600 (-1.43%) and Ethereum at $340 (-3.83%)
- The US President Donald Trump delayed the stimulus package was reason of week global sentiment, meanwhile the global crypto market cap stands at $335.09 B
- The volume in the crypto market jumped over $111 B which makes an increment of 20% meanwhile, the Bitcoin Dominance remains at 58.62%
The US President halted the offer of a stimulus package and promised after US elections. Since then the global markets turned into the red after a sudden selloff before showing signs of recovery. BTC is currently trading at $10,600 and makes a low of $10,528. Volume was traded around $110,103,448,668 in 24-hours and the overall market cap remains at $335,053,079,412.
Gainers
EOS (EOS)
The coin rose to 4.98% in the weak global market and gained 2.50% over the last seven days, the volume observed was around $5,247,389,315 in today’s trading session likewise the market cap stands at $2,486,681,551. As the news of Google Cloud joins EOS supports the coin to outperform in the red market, the coins make a low of $2.44 over the monthly chart after falling from the level of $3.45 and now trading at the level of $2.66.
Ethereum Classic (ETC)
The token shows strength in the dull market as it is trading at the level of $5.21 and gained 2.10%. However, it looses around 2.41% over the last seven days. The volume of $580,522,297 is observed and the coins market cap remains at $605,549,923. ETC has a low of $4.70 over the monthly chart and it has slipped from its monthly high of $5.75. It has a minor resistance at $5.30 after that we can see a target of $6.0 in coming days
Losers
VeChain (VET)
The crypto asset currently trading at the level of $0.0099. It has support at $0.0098 over the four hours candle chart pattern and $0.0120 acts as a resistance level for the coin. It slips over 9% in today’s trading session likewise it loses 22%. Over the last seven days, the volume was traded around $166,273,582 in 24-hours and the market cap of the coin stands at $646,210,942.
Polkadot (DOT)
DOT slipped over 8% in intraday and it went down by 14% over the last seven days the coin`s volume stands at $819,363,423 daily and the market cap at $3,242,121,742. The support of the coin was $3.65 and the level of $5.98 as resistance over the monthly chart the coin`s chart is weak so caution for the investor.
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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.
