- The overall crypto market conditions are trying to prevail the positive sentiment built right from the starting of the month
- The overall market capitalization is $402.36B (a level not seen since April 2018) resulting in an increase of 0.85% over the day
- The overall volume traded is $71.34B resulting in a decline of -1089% over the day
- The dominance of the crypto king has dropped to 63.16% resulting in a decline of -0.42% over the day
Bulls Gradually Penetrating Overall Market Conditions
As the overview of the market suggests, the bulls are making a gradual comeback in the overall market conditions right from the starting of the month. The bullish sentiment has helped Ether to strongly target the crucial mark of $400 again. Bitcoin has merely moved with reference to yesterday’s performance with a marginal gain of 0.07%. The majority of the altcoins are performing positive and looking to sustain the current momentum for this month. Some of them include Litecoin, NEO, Chainlink, Bitcoin cash, etc.
Bitcoin was unable to show any significant price movement on Monday’s market session by having a marginal gain of 0.10% bringing the CMP to $13725.55. Maybe, the world’s largest crypt asset is looking to cool down its volatility after breaking above $14k for a very short span and faced negative reversals afterward. However, the bulls were able to avoid further downfall below $13500.00 which can be a positive signal for its price sustainability in the price region. The market capitalization has reached $254,358,786,650 with a 24-hour volume traded of $ 26,203,214,705. Currently, BTC is facing minor negative reversals from the resistance mark of $13800.
It looks like Ether has capitalized on Bitcoin’s consolidation in the current market session as it is strongly targeting the crucial mark of $400 with the CMP of $398.42 with an overall gain of 3.14%. The ETH/BTC pair is also performing positive with an overall gain of 3.06% bringing the current level to 0.02906649 BTC. The market capitalization has reached to $45,123,216,898 with the 24-hour volume traded at $12,506,589,154. If the crypto asset is able to sustain the current positive momentum, the sustainability above $400 can also be developed.
The bounce back from the crucial mark of $50.00 is turning out to be significantly positive for Litecoin as it is trading in the green for the second consecutive day. The crypto asset is having an overall gain of 2.39% bringing the CMP to $56.05. The market capitalization stands at $ 3,687,768,293 with the 24-hour volume traded of $2,279,871,998. The LTC/BTC pair is also performing positive with a gain of 2.5% bringing the current level to 0.00408099 BTC. Litecoin will be currently targeting to break the major resistance level of $60.00.
XRP’s bounce back from the major support level of $0.22 is also turning out to be significantly positive as the price levels reclaim the crucial mark of $0.24. It is having an overall gain of 1.18% bringing the CMP to $0.241797 with the market capitalization to $ 10,949,691,992 with the 24-hour volume traded of $ 1,991,485,337. During the past month, XRP’s price levels were consolidated within the price range of $ 0.24 to $ 0.28 which the current positive momentum will be looking to break.
Chainlink successfully avoided downfall below the crucial price mark of $11.00 which is now turning to provide significant positive momentum. The crypto asset is having an overall gain of 3.83% bringing the CMP to $11.60. The market capitalization is at $ 4,531,301,828 with the 24-hour volume traded of $ 1,401,509,712. The price levels will be facing a minor resistance which is placed around $11.80 and looking easy to break with reference to the significance of the current positive move. The LINK/BTC is also performing with an overall gain of 3.725 bringing the current level to 0.00084572 BTC.