- The market ignores positive fundamentals and focuses on bad news.
- All digital coins are nursing losses on a daily basis.
The cryptocurrency market is a mixed picture with Bitcoin and all the main altcoins struggling to recover after a deep Sunday crash. The total capitalization of all digital assets in circulation stood marginally above $ 120 billion, compared to $ 124 billion the previous day.
It seems that the market has difficulty fighting the bearish trend. Negative news such as the delay of Constantinople and the theft of cryptopathy have ruined the feelings and killed the nascent recovery while the traders have chosen to ignore the positive developments.
So, the previous week brought us good news. US citizens can now buy Bitcoins in Coinstar kiosks, which makes cryptocurrency more accessible and helps pay attention to digital money.
In addition, cryptocurrency trading platforms have recorded positive customer growth and transaction volume despite bearish sentiment on the market.
Meanwhile, Grayscale Investments has launched another single-asset cryptocurrency trust. The new product allows institutional players to invest securely in Stellar-based assets (XML).
Bitcoin is changing hands at $ 3,340, down 3.6% in the last 24 hours. A sustainable move below $ 3,600 manages the darkness in the short term framework and signals the continuation of the downward trend.
Ripple's XRP is around $ 0.3200, down 2.8% on a daily basis. The second largest coin with a market value of $ 13.2B moves in sync with Bitcoin.
Ethereum has just changed since the start of Monday and has lost more than 4% of its value since Sunday. The third largest digital asset is under pressure, trading marginally above $ 118.00.
DASH and Bitcoin Cash are the worst performers on a daily basis. With coins they lost over 5%.
IOTA is trying to stage a recovery. The currency gained 2.5% from Monday's trading in Asia, although it is still down by 3.5% compared to this Sunday hour.