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Cryptocurrency Market Update?

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  • Tip Bones

Cryptocurrency Market Update? Bitcoin and major altcoins attempt a recovery:

The cryptocurrency market has recovered from the recent lows. The short-term momentum remains bearish as the coins are moving inside recent ranges.

The cryptocurrency market has been flashing red colors during early Asian hours with Bitcoin and all major altcoins nursing small losses within the current ranges. 

The cryptocurrency market capitalization settled in the billions, while an average daily trading volume also recovered $ billions. 

The largest cryptocurrency by market capitalization recovered, after a short-lived sell-off to the intraday. However, the further upside may be limited by the local resistance created by SMA -hour. At the time of writing, BTCUSD is changing hands down % since the beginning of the day.

ETH price update:

The ETH dropped during early Asian hours. The second-largest is changing hands, amid short-term recovery. 

ETHUSD has lost percentage since the beginning of the day. From the short-term perspective, the coin is moving within a strong bearish trend tend amid expanding low. 

Ripple s XRP price update:

Ripple retreated after a move on Friday. XRPUSD's short-term recovery may be limited by SMA -an hour. The short-term trend is bearish.

Read also: Ripple CEO: Bitcoin a store of value, not suitable for transactions.