[ad_1]
- As the US moves closer to have its 46th US President and an ongoing electoral fight between presidential candidates, general market conditions are showing stability in terms of price movement and have nearly covered losses. of the market session on Tuesday
- Total market capitalization reached $ 394.18 billion an increase of 0.82% on the day
- Overall volume traded reached $ 86.46 billion down -8.51% on the day
- The dominance of the cryptocurrency king hit 64.23% with a 0.18% increase on the day
Trump or Biden? Cryptomarket shows stability during the 2020 US election
The market overview reflects that general market conditions are trying to avoid volatile movements as the people of the United States prepare for Election Day. Bitcoin made another attempt to reclaim the crucial value of $ 14K and nearly missed the level with the day’s high of $ 13968.83. Ethereum, on the other hand, is looking to retest the main resistance level of $ 395.00. We can conclude that the overall market is not moving in a certain way as the presidential race is currently too close to call.
Bitcoin price predictions
Bitcoin almost recovered the crucial price of $ 14k in Wednesday’s market session with the day’s high around $ 13960. The CMP is positioned at $ 13657.02 with an overall gain of 1.10% leading to the capitalization of market at $ 253,111,780,106 with the 24-hour trading volume of $ 31,956,186,857. The dominance of the cryptocurrency king has reached 64.2%. If general market conditions continue to support this positive sentiment for the world’s largest crypto asset, we can expect price levels to rise above $ 14k soon.
Ethereum price predictions
Ethereum has almost re-tested the main resistance level of $ 395.00 in the market and faced negative reversals. However, the positive sentiment for the crypto asset appears to be sustained as it is posting an overall gain of 0.87% taking the CMP to $ 381.59. The only current bearish aspect for the coin is the negative performance of the ETH / BTC pair. The pair is acting negatively facing a marginal loss of -0.21% taking the current level to 0.02792341 BTC. If the pair soon turns positive and general market conditions continue to favor Ether price momentum, we could see a retest of the $ 395.00 resistance point.
Litecoin price predictions
Litecoin is still aiming for sustainability above the crucial $ 50.00 price as price levels are currently facing an overall loss of -0.30% taking the CMP to $ 52.69. Market capitalization reached $ 3,461,243,405 with the 24-hour trading volume of $ 2,474,814,216. The LTC / BTC pair continues to behave negatively and face a loss of -1.48% taking the current level to 0.00385225 BTC. The negative performance of the pair could affect price levels in a bearish way, but the digital asset is currently having an important support level of $ 50.00.
Ripple’s XRP price predictions
Ripple was able to perform positively in Wednesday’s market session with an overall gain of 1.53% taking the CMP to $ 0.235901. XRP / BTC also turned positive with a profit of 0.54% which took the levels to 0.00001729. The pair has turned positive after a long duration and is expected to provide positive momentum at price levels later in the market. Market capitalization is $ 10,682,692,793 with a 24 hour trading volume of $ 3,075,526,381. Price levels must have a positive breakout above $ 0.250 for the start of impact recovery action.
Chainlink price predictions
Chainlink has now reached one of the important support levels of $ 10.20 due to the ongoing bearish trend which forced price levels to face an overall loss of -1.28% in Wednesday’s market session. The CMP is trading at $ 10.24 with a market cap of $ 3,998,327,971 with a 24-hour trading volume of $ 1,383,081,712. If price levels continue its downtrend, the next support point will be positioned at $ 9.80, which means a drop below the crucial $ 10.00 mark that could put the crypto asset in a vulnerable position later in the market.
