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- General market conditions are looking to cool after rigorous bullish momentum in Friday’s market session
- Total market capitalization stands at $ 444.24 billion, up 0.43% over the day
- The total volume traded in the last 24 hours of the market stands at $ 128.13 billion with a decrease of -18.75%
- The domination of the cryptocurrency king has been in surprisingly negative momentum after a long time with a drop of -0.62% bringing the current level to 64.11%
Bitcoin cools to achieve sustainability above 15K; Ether Bulls Capitalizes on BTC’s Negative Dominance; Altcoins which provide mixed sentiments in the market.
The overall market performance in Saturday’s trading session provided mixed feelings. BTC tried to curb its strong positive upside, which was realized in the market session on Friday as the bulls crossed over $ 15k and nearly hit the $ 16k level. Ethereum, on the other hand, broke through the significant $ 420 resistance level and started to retrace. However, with BTC turning hostile, the second largest digital asset in the world capitalized and surpassed the crucial $ 450 threshold. The performance of the altcoins was lateral, with some of the coin managements having a negative trend and some being decrease with BTC.
Bitcoin price predictions
The price momentum for the day on BTC was quite volatile. The price levels started positively, with the intention of breaking above $ 16K during the trading session. However, price levels have experienced negative reversals from the $ 15800 price level, creating a new resistance point for the world’s largest crypto asset. Price levels pulled back strongly until the $ 11200 support point helped BTC avoid further declines. The CMP is now positioned at $ 15347.20 with an overall loss of -1.81% bringing the market cap to $ 284,482,987,260 and the 24-hour trading volume to $ 31,782,643,136. Profit booking momentum was expected and anticipated, but the support level of $ 15200 has ensured that BTC price levels will remain above $ 15k.
Ethereum price predictions
Ethereum took full advantage of BTC’s negative price level performance and dominance. Ether price levels broke through the crucial $ 450.00 threshold. The positive momentum continued until the $ 470.00 resistance level got ahead of the bulls. The importance of this bullish rally can be justified by the significant positive performance of the ETH / BTC pair, which posted a positive return of 3.01%, taking the current level to 0.02925583 BTC. The CMP is now positioned at $ 447.27 with an overall gain of 0.90% which brings the market cap to $ 50,705,570,942 and the 24-hour trading volume at $ 17,678,111,620. Price levels need to maintain stability above $ 450 to retest the $ 470.00 resistance level.
Litecoin price predictions
Litecoin is experiencing negative momentum along with BTC and is again on the verge of breaking below the crucial $ 60.00 mark. The LTC / BTC pair also turned negative, facing a marginal loss of -0.71%, taking the current level to 0.00395332 BTC. On the downside, the crypto asset has less support at $ 58.00. The CMP is set at $ 60.28, with an overall loss of -3.33%, bringing the market cap to $ 3,967,955,607 and the 24-hour trading volume to $ 3,885,627,887. A sustainable negative breakout below the crucial $ 60.00 mark will definitely put LTC in a vulnerable position.
Ripple Price Predictions (XRP)
Ripple turned negatively again, unable to maintain its positive momentum in the market as price levels were approaching the $ 0.260 retracement point. The CMP is trading at $ 0.255 with a market cap of $ 11,556,672,293 with the 24-hour trading volume of $ 2,913,591,850. The XRP / BTC pair faces a marginal loss of -0.01%, taking the current level to 0.00001665 BTC. Price levels will have major support positioned at $ 0.220 on the downside if the bearish momentum of the coins continues for the next trading sessions.
Chainlink price predictions
Chainlink was one of the best performers in Saturday’s market session as levels are about to retest the crucial brand and $ 13.00 resistance level. The CMP is positioned at $ 12.81, a significant overall increase of 11.36%. The LINK / BTC pair also performed significantly positively with a gain of 12.18%, bringing the current level to 0.00083410 BTC. Market cap reached $ 5,014,256,346 with a 24 hour trading volume of $ 2,220,710,278. The price levels form a significant bullish pattern on the chart, indicating LINK may break out of the resistance level this time around.
