Tanya Abrosimova
Independent Analyst
- Bitcoin (BTC) has settled below $8,700 amid increased bearish pressure.
- Altcoins are mostly range-bound during early Asian hours.
Bitcoin and all major altcoins have recovered from the recent losses; however, the majority of coins are still in the red zone on a day-to-day basis. The total cryptocurrency market capitalization dipped to $240 billion from $245 the day before; the worth of the digital asset of $68 billion change hands daily on average. Bitcoin's market share dropped to 66.1%.
Read also: ABey co-creator keynote speech at the Malta Blockchain Summit 2019
Top-3 coins price overview
BTC/USD has lost over 1.56% in recent 24 hours and stayed unchanged since the beginning of Tuesday. On the intraday charts, the coin is locked in a tight range limited by SMA50 (Simple Moving Average) 1-hour at $8,835 on the upside and $8,650 on the downside. a sustainable move in either direction is needed to clarify the trend.
BTC/USD, 1-hour chart
Ethereum, the second-largest digital asset with the current market capitalization of $20.5 billion, is changing hands at $186.10, down about 1 % since this time on Monday. Looking technically, ETH/USD has recovered from the recent low of $183.96 and may extend the upside towards $186.70 (SMA200 1-hour chart) and $187.00.
ETH/USD, 1-hour chart
Ripple’s XRP moved below $0.2700 handle on Monday, but managed to recover to $0.2734 by the time of writing. The third digital coin with the current market value of $12.1 is moving within a tight range. The recovery is initially capped by the middle line of a one-hour Bollinger Band.
XRP/USD, 1-hour chart
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 holds $84,000 despite Fed’s hawkish remarks and spot ETFs outflows
Bitcoin is stabilizing around $84,000 at the time of writing on Thursday after facing multiple rejections around the 200-day EMA at $85,000 since Saturday. Despite risk-off sentiment due to the hawkish remarks by the US Fed on Wednesday, BTC remains relatively stable.
Crypto market cap fell more than 18% in Q1, wiping out $633.5 billion after Trump’s inauguration top
CoinGecko’s Q1 Crypto Industry Report highlights that the total crypto market capitalization fell by 18.6% in the first quarter, wiping out $633.5 billion after topping on January 18, just a couple of days ahead of US President Donald Trump’s inauguration.
Top meme coin gainers FARTCOIN, AIDOGE, and MEW as Trump coins litmus test US SEC ethics
Cryptocurrencies have been moving in lockstep since Monday, largely reflecting sentiment across global markets as United States (US) President Donald Trump's tariffs and trade wars take on new shapes and forms each passing day.
XRP buoyant above $2 as court grants Ripple breathing space in SEC lawsuit
A US appellate court temporarily paused the SEC-Ripple case for 60 days, holding the appeal in abeyance. The SEC is expected to file a status report by June 15, signaling a potential end to the four-year legal battle.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.