• The cryptocurrency market is range-bound during early Asian hours; bulls are not strong enough.
  • Bitcoin and major altcoins reocovery is limited by technical levels.


The cryptocurrency market has recovered from Sunday's sell-off; however, the upside momentum has stalled on approach to critical technical levels. Bitcoin and all major altcoins are in the green zone on a day-on-day basis, range-bound with mild bearish bias during early Asian hours. The total capitalization of all digital assets in circulation settled at $327 billion from $330 billion late on Sunday, while an average daily trading volume is registered at $61 billion, mostly unchanged from this time yesterday. Bitcoin's market share dropped to  62.1%.

Top-4 coins price overview

Bitcoin (BTC/USD) has recovered from $11,143 low hit on Sunday; however, the recovery of the most popular coin is effectively capped by $11,600 handle. BTC/USD has gained over 2% of its value in recent 24 hours and stayed unchanged since the beginning of the day; $11,000 remains a crucial support level for the asset.

Ethereum, the second largest digital asset with the current market capitalization of $32.6 billion, has gained nearly 6% since on a day-on-day basis, though the upside momentum has faded away on approach to $310 barrier. ETH/USD is mostly unchanged since the beginning of the day, moving in sync with the market.

Ripple's XRP has gained 1.5% since this time on Sunday to trade at $0.3955 by the time of writing. The third largest digital asset with the current market capitalization of $16.8 billion has been hovering below $0.4000 since June 6, as the recovery momentum is nor strong enough to take the price above the critical barrier.

Litecoin (LTC/USD) is locked in a tight range under $120.0. The fourth largest coin with the current market capitalization of $7.4 billion hit $121.21 on Sunday, but the upside momentum faded away. At the time of writing, LTC/USD is changing hands at $119.25, mostly unchanged both on a day-on-day basis and since the beginning of Asian trading on Monday.


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


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines. 

More Cryptocurrencies News
TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.

More Ton News
Maker Price Forecast: MKR could stage 40% rally

Maker Price Forecast: MKR could stage 40% rally

MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.

More MakerDAO News
USDT market cap crosses $120 billion as stablecoins continue their uptrend

USDT market cap crosses $120 billion as stablecoins continue their uptrend

The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.

More USDT News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

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