The cryptocurrency market is enjoying a moment of breath while the bears lag behind to give space to the bulls to lengthen after a period of prolonged declines. The market has been experiencing constant price action since the trading session began that day. The slight correction can be observed across the board as the main cryptographic currencies (legacy) are exchanged with an increase in value of approximately 1% to 4% during the day. NEO is the largest single-digit gainer with gains of up to 4%. It is closely followed by Dash (Dash), which is up 3.37%. Another asset with earnings above 3% is Litecoin (LTC). The rest of the top 20 coins by market capitalization are in the green. The largest cryptocurrency market also corrected higher, adding more than $ 2 billion from $ 107 billion yesterday to just over $ 109 billion.
Bitcoin fights to recover $ 3,400 as market experience from a temporary breather
Bitcoin opened the trading session today at $ 3,399.57 and reached an intraday peak of $ 3,514.94 after testing the support at $ 3,341.55. The BTC / USD pair is currently trading at $ 3.34 up 2.65% on the day while price action indicates that the current trend is bullish. Bitcoin currently has a market capitalization of $ 60 billion and has a trading volume of $ 4.7 billion per trading session (every day). The market is currently gloomy and painful for both bull traders and investors who are eagerly awaiting a turnaround. Bitcoin has recorded new annual lows and continues to fall towards these lows. With the advance of the trading session, investors are looking for bitcoins to return above the $ 3400 commitment to confirm the recovery rally.
Meanwhile, it is encouraging to know that there are people who believe that, despite the unstoppable bearish trend, Bitcoin will see an inversion and a rise in the near future. Many experts and industry analysts say that Bitcoin has hit the bottom and that there is an inversion while few continue to claim that the bitcoin has not yet touched the bottom and could reach $ 2,000 before seeing a solid decline in # 39; price action. Meanwhile, Ethereum (ETH) is also in the green after correcting yesterday under $ 90.00 support. The ETHUSD pair hit an intraday low at $ 86.25 and high at $ 92.25 today and currently trade at 91.24 up 3.83% on the day. Its market capitalization is $ 9.3 billion and has a trade volume of $ 1.7 billion in 24 hours.
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