Tanya Abrosimova
Independent Analyst
- Major cryptocurrencies are trying to recover from recent losses.
- The market is deep in red on a day-over-day basis.
Major coins are trying to recover from early lows, but the market is still deep in red on a day-over-day basis. An overwhelming majority of top-20 coins shows double-digit losses amid strong bearish bias that gripped the market late on Sunday, after a failed attempt to stage a recovery.
Bitcoin (BTC) stays below $3,800 after growing as high as $4,187 on Sunday trading. The first digital coin dropped to $3,711 before recovering to $3,777 by the time of writing. Bitcoin’s market share has grown to 52.2% from the recent low of $51.4%.
Ethereum (ETH) is also under pressure. The second largest coin is dancing around $140.00 handle after testing waters at $133.60. ETH/USD has gained nearly 5% since the beginning of Monday, but it is still down 14% on a day-over-day basis. Ethereum is one of the worst-performing coins out of top-20 as the upcoming Constantinople update adds uncertainty to ETH trading.
Ripple’s XRP, the third largest coin, has lost over 9% since this time on Sunday to trade at $0.3050. A sustainable move below $0.3000 handle bodes will for the cryptocurrency, as it will signal the total reversal of the previous gains. At this stage, XRP is moving in sync with the rest of the market, influenced mostly by speculative sentiment and technical factors.
EOS, Litecoin, Bitcoin Cash and Cardano are also among the biggest losers, while TRON and Binance Coin show better results nursing losses of 4.5% and 6.7% respectively.
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
Ethereum Price Forecast: ETH eyes $2,200 resistance as Fidelity seeks ETH ETF staking approval
Ethereum is up 3% on Tuesday following Cboe BZX's filing with the Securities & Exchange Commission for Fidelity to permit staking in its spot Ethereum ETF. Grayscale and 21Shares have also made similar filings with the SEC to stake their holdings.
Franklin Templeton files for XRP ETF as SEC delays decision on Canary and Grayscale filings
Franklin Templeton filed an S-1 with the Securities & Exchange Commission on Tuesday to launch the Franklin XRP Trust. Following its filing, the SEC announced it would delay its decision on XRP ETF applications from Canary Capital and Grayscale.
Shiba Inu Price Prediction: SHIB hits seven-month low as Ethereum TVL drops $14B after Pectra upgrade
Shiba Inu price hit $0.00001 on Tuesday, testing seven-month lows before rebounding 6%. On-chain data shows investors withdrawing funds from the Ethereum ecosystem after the Pectra upgrade could spark further losses.
Crypto Today: ETH, ADA and XRP traders panic ahead of Mt. Gox’s $930M BTC repayments
Cryptocurrencies market capitalization falls to $2.75 trillion as it declines by another 4% on Tuesday. Ethereum, Dogecoin and Chainlink emerge as top losers among the 20 largest assets.
Bitcoin: Will Trump's Strategic Bitcoin Reserve and White House Crypto Summit support BTC recovery?
Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.