• Bitcoin (BTC) has settled above $9,600, still below SMA100 daily.
  • Altcoins are gaining ground with NEO and TRON leading the pack.

Green shoots are everywhere in the market. Bitcoin and all major altcoins are demonstrating strong gains from 2% to 26%. Notably, NEO and TRON are the best-performing assets out of top-20 as both coins have gained over 26% on a day-to-day basis. At the time of writing, the total cryptocurrency market capitalization is registered at $253 billion from $242 billion the day before; an average daily  trading volume increased to $116 billion from $99 this time on Sunday; Bitcoin's market share decreased to 68.2%.

Top-3 coins price overview 

BTC/USD topped at $9,938 during early Asian hours before retreating to $9,600 by the time of writing. Despite the retreat, the first digital coin is still 5% high from this time on Sunday, moving within a short-term bullish trend. Notably, BTC cannot sustainably break above SMA100 (Simple Moving Average) on a daily chart (currently at $9,650). Once it happens, $10,000 will come into focus. This resistance is strengthened by the recent high and the middle line of a weekly Bollinger Band on approach. 
 
Ethereum, the second-largest digital asset with the current market capitalization of $20 billion, has gained nearly 4% in recent 24 hours. At the time of writing, ETH/USD is changing hands at $185.00, off the intraday high of $190.19. Looking technically, ETH/USD a sustainable recovery above $180.00 improves the short-term picture and signals the price may continue moving upwards with the next bullish aim at $190.00. 
  
Ripple’s XRP has made its way above $0.3000 during early Asian hours on Monday.  At the time of writing, XRP/USD is changing hands at $0.3010. The third digital coin with the current market value of $12.9 has gained $1.75 on a day-to-day basis, though the bullish breakthrough above $0.3000 still needs to be confirmed.


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

Zilliqa price poised for a rally on positive on-chain data; bullish technical indicators

Zilliqa price poised for a rally on positive on-chain data; bullish technical indicators

Zilliqa price has broken above a falling wedge pattern, indicating a shift in market structure from bearish to bullish. Bullish divergence on the RSI and the Awesome Oscillator indicators signal a potential reversal and upward movement in ZIL price in the coming days.

More Cryptocurrencies News

MATIC sets for a rally as Polygon Foundation confirms the migration date

MATIC sets for a rally as Polygon Foundation confirms the migration date

Polygon (MATIC) price has broken above a falling wedge pattern, indicating a shift in market structure from bearish to bullish. The Polygon Foundation officially announced on Thursday that September 4 is the migration date for MATIC to POL.

More Polygon News

Top 10 crypto market movers as Bitcoin and Ethereum hold steady ahead of $1.8 billion options expiry

Top 10 crypto market movers as Bitcoin and Ethereum hold steady ahead of $1.8 billion options expiry

Bitcoin and Ethereum hold steady above $64,000 and $3,400 as $1.8 billion in options expire on Friday. WazirX hack of $230 million potentially linked to Lazarus Group ushers correction in Shiba Inu, among other assets. 

More Cryptocurrencies News

Bitcoin Weekly Forecast: Will BTC continue its bullish momentum?

Bitcoin Weekly Forecast: Will BTC continue its bullish momentum?

Bitcoin price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166. By Thursday of this week, U.S. spot Bitcoin ETFs observed cumulative positive inflows totaling $861.50 million.

More Bitcoin News

Bitcoin: Will BTC continue its bullish momentum?

Bitcoin: Will BTC continue its bullish momentum?

Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166. By Thursday of this week, U.S. spot Bitcoin ETFs observed cumulative positive inflows totaling $861.50 million. On-chain data indicates oversold conditions for BTC, suggesting a possible market bottom.

Read full analysis

BTC

ETH

XRP