Cryptocurrency market adds $2 billion: Bitcoin, Ripple’s XRP and Ethereum in the green


  • The subtle recovery in the market is a welcomed breather to the battered bulls.
  • Bitcoin battles to reclaim $3,400 support as XRP stays above $0.30.
  • Ethereum buyers eye $90 in the short-term amid the slightly bullish momentum.

The cryptocurrency market is enjoying a breather as bears stay back to give the bulls room to stretch following a period of extended declines. The market is generally in the green on Wednesday. The slight correction can be observed across the board with assets gaining by 0.5% to 4% (top 20 cryptos).

NEO is the biggest single-digit gainer of the day with gains reaching 4%. It is followed closely by Dash (Dash), which is up 3.37%. The other asset with gains exceeding 3% is Litecoin (LTC). The rest of the top 20 coins by market capitalization are in the green. The larger cryptocurrency market has also corrected higher adding more than $2 billion from $107 billion recorded yesterday to slightly above $109 billion.

Bitcoin price is up 0.95% on the day after testing the support at $3,300. It opened the trading session today at $3,350 and has hit a high of $3,390. The asset is trading at $3,380 while the current trend is bullish. Bitcoin has a market cap of $60 billion and has a trading volume of $4.7 billion.

Ripple’s XRP, on the other hand, is trading at $0.3041. The asset has been able to maintain its position above $0.30 for a few days now after the bulls were sent packing on touching $0.32 last weekend. XRP/USD is still correcting higher with gains reaching 1.23% on the day. It has a trading volume of $361 million with a market cap that stands at $12.4 billion.

Meanwhile, Ethereum (ETH) is also in the green with gains of 1.58% and counting. Ethereum corrected lower yesterday below the support at $90.00. It has hit lows of $87.09 on the day and intraday highs of $89.88 million. Its market capitalization stands at $9.3 billion and has a trading volume of $1.7 billion in 24-hours.

 

 


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Michael Saylor predicts Bitcoin to surge to $100K by year-end

Michael Saylor predicts Bitcoin to surge to $100K by year-end

MicroStrategy's executive chairman, Michael Saylor, predicts Bitcoin will hit $100,000 by the end of 2024, calling the United States (US) election outcome the most significant event for Bitcoin in the last four years.

More Bitcoin News
Ripple surges to new 2024 high on XRP Robinhood listing, Gensler departure talk

Ripple surges to new 2024 high on XRP Robinhood listing, Gensler departure talk

Ripple price rallies almost 6% on Friday, extending the 12% increase seen on Thursday, following Robinhood’s listing of XRP on its exchange. XRP reacts positively to recent speculation about Chair Gary Gensler leaving the US Securities and Exchange Commission.

More Ripple News
Bitcoin Weekly Forecast: New high of $100K or correction to $78K?

Bitcoin Weekly Forecast: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

More Bitcoin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to 100k or pullback to 78k?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to 100k or pullback to 78k?

Bitcoin and Ethereum showed a modest recovery on Friday following Thursday's downturn, yet momentum indicators suggest continuing the decline as signs of bull exhaustion emerge. Ripple is approaching a key resistance level, with a potential rejection likely leading to a decline ahead.

More Cryptocurrencies News
Bitcoin: Further upside likely after hitting new all-time high

Bitcoin: Further upside likely after hitting new all-time high

Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP