The latest cryptocurrency news show that the markets are consolidating as we round off another week. The volume has crept up a little over the past few days and the total market cap is nearing the $137 billion mark, up $2 billion from the past few days.
Bitcoin, however, hasn’t had a proper stake in the new surge. In fact, the most dominant cryptocurrency has moved very little over the past 24 hours. BTC has already hit an intraday high of $3,945 before dumping to $3,900. Then, it started slowly building back up to $3,952 where it is trading right now.
The volume is back over $10 billion which is another good sign. The key technical indicators such as the MACD and hourly RSI show we are now in the bullish zone.
Ethereum, on the other hand, has been slowly sliding forward and made a percent on the day taking it to $136 with a 2% increase. The move has taken ETH through the weekly downtrend line so that further momentum could follow, especially if Bitcoin turns bullish. Meanwhile, XRP has made a minor increase on the day and is now rising to $0.315.
The top ten is still mixed right now but the green is dominating everywhere across the markets. Larger gains have been made by Cardano (ADA) as it climbed 5.5% to $0.049. NEM is also having a big pump with about 9% added on the day to take the token to $0.050.
Right now, there is speculation about a possible link between NEM Malaysia and Air Asia which may be driving the FOMO. Meanwhile, IOTA, NEO, and ethereum Classic are all in the green making over 3% in the past 24 hours as the “altcoin season” gathers its momentum.
The Crypto.com Chain is continuing its epic surge and has added another 50% as it nears the top twenty. This has been the best performing altcoin over the past week. CRO has made an epic 900% pumping, going from $0.013 to $0.092 and driving a new move forward.
Among the other altcoins which see green are Digitex Futures and Lisk, both surging by 17% on the day. The other token of Crypto.com, MCO, is also up 17% right now.
The total market capitalization looks very positive, adding two billion dollars since yesterday. Similarly, the daily volume is increasing and is now at $33 billion as altcoins lead markets at the moment.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Discussion about this post