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- The general conditions of the cryptocurrency market are trying to prevail over the positive sentiment built since the beginning of the month
- Total market cap is $ 402.36 billion (a level not seen since April 2018) up 0.85% over the day
- The total volume traded is $ 71.34 billion, down -1089% over the day
- The domination of the cryptocurrency king fell to 63.16% with a drop of -0.42% on the day
Bulls gradually penetrating the general market conditions
As the market overview suggests, the bulls have been gradually returning to general market conditions since the beginning of the month. The bullish sentiment helped Ether reach the crucial $ 400 milestone again. Bitcoin simply moved from yesterday’s performance with a marginal gain of 0.07%. Most altcoins are doing well and looking to sustain the current momentum for this month. Some of them include Litecoin, NEO, Chainlink, Bitcoin cash, etc.
Bitcoin (BTC)
Bitcoin was unable to show any significant price movement in Monday’s market session, having a marginal gain of 0.10% taking the CMP to $ 13725.55. Perhaps, the largest crypto asset in the world is trying to reduce its volatility after exceeding $ 14k for a very short period of time and has experienced negative reversals. However, the bulls were able to avoid a further fall below $ 13500.00, which may be a positive signal for its price sustainability in the price region. Market capitalization reached $ 254,358,786,650 with a 24 hour trading volume of $ 26,203,214,705. Currently, BTC is facing minor negative reversals from the $ 13800 resistance mark.
Ethereum (ETH)
It appears that Ether has capitalized on Bitcoin’s consolidation in the current market session as it strongly points to the crucial value of $ 400 with the CMP of $ 398.42 with an overall gain of 3.14%. The ETH / BTC pair was also positive with an overall gain of 3.06% which brings the current level to 0.02906649 BTC. The market cap reached $ 45,123,216,898 with the 24-hour volume trading at $ 12,506,589,154. If the crypto asset is able to withstand the current upbeat, sustainability above $ 400 can also be developed.
Litecoin (LTC)
The rebound from the crucial $ 50.00 mark is proving significantly positive for Litecoin as it is trading green for the second consecutive day. The crypto asset is making an overall gain of 2.39% bringing the CMP to $ 56.05. The market cap is $ 3,687,768,293 with a 24 hour trading volume of $ 2,279,871,998. The LTC / BTC pair was also positive with a gain of 2.5% which brings the current level to 0.00408099 BTC. Litecoin will currently aim to break out of the main $ 60.00 resistance level.
Ripple (XRP)
The rebound of XRP from the main support level of $ 0.22 is also proving to be significantly positive as price levels claim the crucial sign of $ 0.24. It is having an overall gain of 1.18% taking the CMP to $ 0.241797 with the market cap at $ 10,949,691,992 with the 24-hour trading volume of $ 1,991,485,337. Over the past month, XRP’s price levels have been consolidated within the $ 0.24 to $ 0.28 price range, which the current upbeat will seek to break.
Chain (LINK)
Chainlink has successfully avoided falling below the crucial $ 11.00 price, which is now transforming to provide significant positive momentum. The crypto asset is making an overall gain of 3.83% bringing the CMP to $ 11.60. The market cap is $ 4,531,301,828 with the 24 hour trading volume of $ 1,401,509,712. Price levels will face minor resistance which sits around $ 11.80 and looks easy to break with reference to the magnitude of the current positive move. LINK / BTC is also performing with an overall gain of 3.725 bringing the current level to 0.00084572 BTC.
