The crypto market appears to be still consolidating. As the Bitcoin news today show, there is no big price action on the market. In fact, the market is recovering and correcting since the weekend pump. Currently, the main buzz is created by altcoins as Bitcoin stalls at the $4,000 resistance marks once again.
The total cryptocurrency market capitalization remains just above $140 billion and is up by around $10 billion on the same time compared to last week. Bitcoin has dropped back to $4,000 over the past 24 hours but did not fall below – instead it gradually crept back up to $4,050 where it is currently trading. The BTC volume is now over $9 billion and the most dominant cryptocurrency appears to be poised to test the weekly highs again. However, a move to $4,200 could spell a larger break to the upside.
Ethereum, on the other hand, still remains at $140 without much significant improvement. In fact, ETH has weakened over the past few days and is failing to gather noticeable momentum right now. The largest altcoin by market cap is still up on the week and remains with a $1.5 billion advantage (in market cap) compared to the third-listed Ripple (XRP).
Speaking of, the XRP token has also remained flat over the past couple of days. Currently, it is trading at $0.317 without a noticeable increase. At the time of writing, the top ten cryptocurrencies are in the green during the trading session – something that is bucking the trend.
What’s also new is Stellar Lumens (XLM) and its recent listing on Coinbase which has added to this momentum but hasn’t yet produced an epic spike. In fact, Stellar (XLM) only surge by less than 7% and is now trading at $0.11.
At the same time, the news helped XLM to flip Binance Coin (BNB) and Tether (USDT) and take the seventh spot with a total market cap of $2.2 billion. While the spike of XLM was not that big, this is definitely a new milestone for Stellar Lumens.
All of the other crypto assets in the top ten are in a mild increase right now as the market is ready to get closer to the $141 billion mark.
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