- The overall market conditions continue to prevail on the bullish sentiment resulting in positive movement of the majority of the cryptoassets
- The overall market capitalization stands at $103,964,577,416 with the 24-hour volume traded of $ 103,934,557,416
- The dominance of the crypto king is also sustaining its positive momentum and having an increase of 1.15% over the day bringing the current percentage to 60.70%
BTC Crosses $12K While Ether Remains Consolidated!
The day has finally arrived for BTC for reclaiming the crucial mark of $12k. This time, the world largest crypto asset made a peak point of $12,280 in the bullish rally. The current ongoing concern for BTC is whether the history of previous corrections that nearly brought down the levels by 18.5% will happen again or not. As of now, BTC looks stable above $12k. On the other hand, the price behaviour of Ether has been surprising. The crypto asset has only gained 1.00% and still battling with the resistance level of $380.00.
The crypto king emerged to be one of the top performers taking advantage of bullish sentiments prevailing in the overall market conditions from the past couple of days. BTC has successfully broken above $12k and nearly reached the major resistance level of $12300.00. The resistance level has a history of providing significant price damage to the world’s largest cryptoasset which almost corrected the price levels by 18.50% on the previous occasion. Currently, it is looking to hold sustainability above $12k with the CMP of $12951.60 bringing the market capitalization to $ 285,997,526,180 with the soaring 24-hour volume traded of $ 37,328,232,074. The dominance of BTC is standing at 60.70%.
With the positive momentum on Wednesday’s trading session, Litecoin is soon to retest the major resistance level of $50.00 again in the market. The CMP is placed at $ 48.69 with an overall gain of 1.09% bringing the market capitalization to $3,199,695,579 and the 24-hour volume traded of $2,105,210,770. However, the LTC/BTC pair is performing negatively with an overall loss of 2.09% bringing the current level to 0.00400122 BTC. This indicates that the cryptoasset is still not fully prepared to fight against the major resistance level of $50.00.
The major resistance level of $0.0290 again halted the positive momentum for TRX. However, the bulls are strongly targeting for sustainability over the bullish rally resulting in the overall gain of 2.71% bringing the current level to $0.026. The market capitalization stands at $1,887,126,730 with the 24-hour volume traded of $ 1,813,233,435. The altcoin must sustain above the price level of $0.0260 for capitalizing on the current bullish move.
Neo is currently targetting to reclaim the crucial mark of $18.00 with the positive momentum on Wednesday’s market session. The CMP is placed at $17.80 with an overall gain of 0.50% bringing the market capitalization to $1,241,905,204 with the 24-hour volume traded of $ 633,178,311. It’s been quite a long duration for the altcoin in which it is trading in between the price range of $16.00 to $18.00. Now, with the significant bullish momentum in the overall market conditions, the altcoin might target to break its consolidation phase.