Tanya Abrosimova
Independent Analyst
- BTC/USD has been range-bound since June 4.
- Tezos defies gravity with over 11% of day-on-day gains.
- Bitcoin SV loses ground amid technical correction.
The cryptocurrency market is a mixed picture during Asian hours on Friday as Bitcoin stayed mostly unchanged, while top-20 altcoins demonstrated divergent momentum. The total capitalization of all digital assets in circulation remained unchanged at $250 billion. An average daily trading volume dropped from $71 billion to $67 billion.
Top-3 coins price overview
- At the time of writing, BTC/USD is hovering at $7,80, mostly unchanged both on a day-on-day basis and since the beginning of Friday trading. The largest digital asset has been range-bound since June 4 as the recovery attempts are blocked by short-term speculative positioning.
- Ethereum, the second largest digital asset with the current market capitalization of $26.4 billion, is changing hands at $248.7, off the Asian high registered at $251. A failed attempt to settle above psychological $250 added dark colors to the short-term technical picture.
- Ripple's XRP stays marginally below $0.42 at the time of writing after an initial attempt to move towards $0.43. The third largest coin has gained over $3.5% in recent 24 hours amid an intraday recovery trend.
The biggest market-movers
- Tezos (XTZ) is the growth leader of the day, with over 11% of gains in recent 24 hours. The 11th largest cryptocurrency with the current market capitalization of $884 million is changing hands at $1.35 with a bullish bias.
- Bitcoin SV (BSV) is a big loser. The 8th largest coin has gained lost nearly 10% in recent 24 hours to trade at $194 by press time.
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
Bitcoin Weekly Forecast: 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.
XRP fails to recover even as Ripple files appeal in response to SEC's move
Ripple price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the SEC vs. Ripple lawsuit sees new developments.
Ethereum Price Forecast: ETH declines below $2,500 as demand fades
Ethereum price is nearing its daily support level of $2,461; a firm close below this level would suggest a decline ahead. Coinbase Premium Index shows signs of weakness and remains below neutral levels.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC shows signs of recovery
Bitcoin has found support at the key $66,000 level, suggesting a potential recovery. However, Ethereum and Ripple prices are struggling below their critical support levels, indicating a possible continuation of their downtrends.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday, following three consecutive days of decline earlier in the week.
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.