Crypto market overview: Bitcoin (BTC) locked in a range, Cosmos (ATOM) goes ballistic
- The major coins are rangebound with bearish bias during Asian hours on Thursday.
- Cosmos (ATOM) is the growth leader.
Cryptocurrency market is a mixed picture on Thursday morning. Bitcoin stays unchanged, while the vast majority of altcoins are nursing losses. The total market capitalization has reduced to $175 billion, down from $177 billion on Monday. The average daily trading volumes are registered at $41 billion.
Top-3 coins price overview:
- Bitcoin is hovering above $5,300 handle, mostly unchanged both since the beginning of the day and since this time on Wednesday. From the short-term perspective, the world’s biggest digital coin has a strong upside bias, coupled with expanding volatility.
- Ethereum has settled above $160.00 handle. The second largest virtual coin retraced from the intraday high of $162.00 and lost about 1.4% on a day-on-day basis amid shrinking volatility.
- Ripple’s XRP is changing hands at $0.3050, down 1.7% on a day-on-day basis. The third largest coin has been trading in a range with bearish bias during Asian hours.
The biggest market-movers:
- Cosmos (ATOM) is a new coin in top-20, pumped by the news that was to be listed on Binance. At the time of writing Cosmos takes the 15th position in the global cryptocurrency rating with the market value of $834 million. It has gained over 6% in recent 24 hours to trade at $4.38.
- Dash and Monero (XMR) has gained over 3%. The coins take the 13th and 12th places respectively in the CoinMarketCap’s rating.
- TRON (TRX) is the worst-performing coin out of top-20. The coin is down 2.5% form this time on Wednesday, trading at $0.0236.
Author
Tanya Abrosimova
Independent Analyst
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