Tanya Abrosimova
Independent Analyst
- Bitcoin is hovering around $10,300 after strong growth in Asia.
- Ethereum Classic is the best-performing altcoin with over 4.6% of gains.
The cryptocurrency market is recovering down during early Asian hours with Bitcoin and the vast majority of altcoins navigating the green zone. The total market capitalization has settled at $268.9 billion; an average daily trading volume is registered at $57 billion. Bitcoin's market dominance stays at $68.8%.
Top-3 coins price overview
BTC/USD is changing hands at $10,300 handle, as the first digital asset is losing ground after a strong rise during early Asian hours. BTC/USD has gained about 2% since the beginning of the day and 2.3% on a day-on-day basis. The initial growth on Monday is attributed by anti-risk sentiments caused by US-China trade war escalation.
Ethereum, the second-largest digital asset with the current market capitalization of $20.6 billion, has settled at $191.00. The coin has gained nearly 2/5% of its value since the beginning of the day and stayed unchanged on a day-on-day basis. ETH/USD is moving within a short-term bullish trend amid growing volatility.
Ripple's XRP is changing hands at $0.2722 at the time of writing. XRP/USD has gained about 1% both on a day-on-day basis and since the beginning of the day, having retreated from the intraday high registered at $0.2800.
The biggest altcoin market-movers
Cardano (ADA) is the biggest loser of the day from top-20 coins. ADA/USD has lost over 4% in recent 24 hours to trade at $0.0436. Ethereum Classic ( ECT) has become the best-perfroming altcoin with 4/6% gains. ETH/USD is changing hands at $7.24 at the time of writing.
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
TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1
TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked.
XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday.
Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit
Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.