Tanya Abrosimova
Independent Analyst
- Bitcoin is hovering below $10,200 with a short-term bearish bias.
- Altcoins have recovered from the recent lows, stay in a green zone.
The cryptocurrency market stopped thee decline and attempted a recovery ahead of the weekend. Bitcoin and all major altcoins clawed back some ground, however, the upside momentum has yet to gain traction. The total market capitalization of all digital assets in circulation increased to $271 billion; an average daily trading volumes settled at $66 billion, while Bitcoin's market dominance edged higher to 67.7%.
What’s going on in the market
The SEC chairman Jay Clayton and four other commissioners are expected to participate at the hearing about Facebook's Libra on Tuesday.
Read more: The US Congress sets hearing with SEC on September 24: Libra to take center stage
Top-3 coins price overview
At the time of writing, BTC/USD has recovered above the critical $10,000 to trade at $10,190 by the time of writing. The coin gained about 3.3% in recent 24 hours and reached $10,300 during early Asian hours. However, the upside momentum has faded away and the price resumed the decline.
Ethereum, the second-largest digital asset with the current market capitalization of $23.5 billion has been growing strongly in recent days. The coin has gained nearly 6% in recent 24 hours to trade at $217.67 by press time. ETH/USD has retrerated from the intraday high of $222.39. At the time of writing, ETH is moving within a short-tterm bearish trend moving out of the overbought territory.
Ripple's XRP settled below critical $0.30 amid strong technical correction from the recent high of $0.3127. The coin has lost 3% since the beginning of the day and stayed unchanged in recent 24 hours.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?