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- The bears continue to deliver significant price damage to most cryptocurrencies in Wednesday’s trading session
- The overall market volume is currently $ 103.22 billion with an 8.60% increase on the day
- The combined market cap is $ 406.26 billion, up 2.90% over the day
- The dominance of the cryptocurrency king is currently at 62.16% with a rise of 0.36% over the course of the day
The bears continue to support general market conditions
As the cryptocurrency market overview indicates, major digital assets such as bitcoin, ethereum, ripple, litecoin, chainlink, etc. They are facing significant negative momentum. Bitcoin after testing the main resistance level of $ 13800.00 experienced negative reversals which sparked negative sentiments in the general market conditions. Ether has again crossed the crucial $ 400.00 threshold, which has certainly cast doubt on its sustainability. Other altcoins are also facing negative momentum which has gradually increased over the past few days.
Bitcoin (BTC)
The largest asset in the world was gaining new levels for the year until it reached the main resistance level of $ 13800. The level provided significant negative reversals which led the CMP to reach $ 13,316.87. Market cap was down -2.4% and currently stands at $ 246,740,585,831. The 24 hour trading volume is $ 28,649,005,922. However, the crypto asset is expected to be able to sustain price levels above the crucial $ 13k mark.
Ethereum (ETH)
Ether is unable to sustain price levels above the crucial $ 400 mark as the bears strike again in general market conditions. The CMP slid to $ 289.28 with a loss of -3.18%. The ETH / BTC pair is also facing significant negative momentum with a loss of -2.21% taking the current level to 0.02933132 BTC. Ether’s price movement has been highly volatile over the past few days and mostly to the downside. The second largest crypto asset in the world has not been able to capitalize on the past bullish sentiment that prevailed in the market.
Litecoin (LTC)
Litecoin price levels were unable to face the main resistance level of $ 60.00 in a positive way, resulting in negative reversals. The cryptoasset drops -1.49% to bring the CMP to $ 56.81. The market cap is $ 3,375,700,753 with a 24-hour trading volume of $ 3,769,315,564. The LTC / BTC pair was also negative with a marginal loss of -0.46% which brings the current level to 0.00428326 BTC. The ongoing downtrend will not negatively damage the sentiments built by the digital asset over the past few days until it drops below $ 50.00.
Ripple (XRP)
The ongoing consolidation for XRP is now driving negative momentum for price levels. The crypto asset is facing an overall loss of -1.66%, with the result that the CMP will drop below $ 0.25. The XRP / BTC pair was also negative with a loss of -0.37 which brings the current level to 0.00001874 BTC. The pair is currently supporting at the support level of 0.00001800 BTC and is expected to provide a positive push into further levels in the market. On the downside, the coin is having an important support level of $ 0.22.
Chain (LINK)
Beaten by the $ 13.00 mark of resistance, Chainlink is currently showing no signs of picking up price levels. Indeed, due to the weak sentiments in the general market conditions, the coin is now looking for sustainability above the crucial $ 11.00 price. The CMP is positioned at $ 11.44, with an overall loss of -5.85%. The LINK / BTC pair is also performing significantly negative with a loss of 0.00086866 BTC. The market capitalization is $ 4,454,252,488 with a 24 hour trading volume of $ 1,486,371,354. A break below $ 11.00 can provide further price damage for the later crypto asset in the market.
