Tanya Abrosimova
Independent Analyst
- All major cryptocurrencies has moved off their respective intraday highs.
- TRON is the market leader with a 6.6% growth on a daily basis.
Cryptocurrency market starts a new week in the red zone with only two coins out of top-20 showing positive momentum (TRX and LTC are the lucky exceptions). The total market cap is registered at $296.9B, virtually unchanged on a daily basis.
Bitcoin, the digital currency No.1, is down by less than one percent within the past 24 hours, changing hands at $8,210 at press time. The coin touched the Asian high at $8,274 before retracing to the current level. The coin has lost 3.4% from the recent peak registered as high as $8,488 during the previous week. However, Bitcoin is still almost 39% higher on a monthly basis.
Ethereum, the second largest digital coin with current market value $47B, shows similar momentum. ETH has lost about 0.5% on a daily basis amid low trading activity following the volatile movements of the previous week. ETH/USD is changing hands at $465, off the intraday high reached at $469.50. ETH touched $516 high on July 18 and lost nearly 10% since that time.
TRON is the 10th largest coin and the only cryptocurrency with positive dynamics during the recent 24 hours. TRX/USD has gained 6.6% by press time and reached the market value of $2.5B. TRX/USD is changing hands at $0.038, off the recent high reached at $0.04 on Sunday.
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