There was some kind of a doubt of a potential dump in yesterday’s cryptocurrency news which triggered many investors. However, a new breeze of green has cleared any of these doubts out and made the crypto markets buoyant for another day. However, the brief dip below $180 billion in market capitalization was recovered and no stable correction at all has occurred yet.
Bitcoin has managed to go above the $5,200 mark where it has consolidated for the past few days. After it dropped to an intraday low of $5,170, the most dominant cryptocurrency recovered quickly and is right now trading a little higher on the day at $5,250. Bitcoin (BTC) appears to be heading back to its micro resistance level of $5,300 which will be the next test according to some analysts.
Meanwhile, Ethereum (ETH) is back at $180 after posting stable gains of almost 3% on the day. At the moment, ETH is mirroring what BTC does and it is definitely an altcoin to watch. Both of the cryptocurrencies are approaching strong technical resistance levels.
The rest of the top ten market is in the green today and recovering from yesterday’s losses. A cryptocurrency that is leading the way during the Asian trading session is EOS – making gains as big as 7% on the day and going above $5.80. Right now, EOS is just $100,000 behind BCH and about to flip it for fifth.
Binance Coin, on the other hand, is a close second with over 6% in gains and a price point which allowed it to reach $18.60. The movements by the rest are smaller and measuring only a couple of percent of increases.
The top twenty is also all green and the biggest gains are coming from NEO, Ethereum Classic and Ontology which are all around 4% today. Tezos is outside the top twenty but that may change shortly as its gains are now over 5%, chasing down NEM which sits right above the altcoin.
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