- The significance of the bearish sentiment has gradually increased in the overall market conditions over the past few days
- The overall market capitalization had a decrease of -0.36% over the day and currently standing at $394.61B
- The overall volume traded for the day has reached to $92.97B making an increase of 16.77% over the day
- The dominance of the crypto king has leveled to 61.58% resulting in an increase of 0.46% over the day.
Bears Increasing their Impact on the Overall Market Conditions
As we can see clearly, the bearish sentiment has provided more impact to the price levels of Ethereum as compared to Bitcoin. Ether has broken below the crucial price mark of $400 and went further down to the support price of $380.00. On the other hand, BTC was able to maintain its sustainability above the price mark of $13K ensuring stability in the price levels during the downtrend. This has also given an indication that BTC might be ready for gaining new levels for the year in the long term. However, the price momentum of Ether still remains doubtful as it is unable to move along with the world’s largest digital asset.
Top Gainers
Binance Coin
Binance coin again broke above the major resistance level of $30.00 after touching the support price of $28.00. The CMP is placed at $31.62 with an overall gain of 3.99% bringing the market capitalization to $4,566,397,046 and the 24-hour volume traded to $683,994,305. The BNB/BTC pair is also performing positive with a gain of 3.47% bringing the current level to 0.00240450 BTC. The price levels must sustain above the resistance mark of $30.00 and will face further major resistance at $33.00.
Kusama (KSM)
The volatility continues for Kusama as it is having an overall gain of 27.55% bringing the CMP to the bullish level of $34.36. The KSM/BTC pair is also performing significantly positive with a profit of 26.71% bringing the current level to 0.00261070. However, the major resistance level of $36.00 is yet to be broken by the current positive momentum. Thereafter, the cryptoasset can target to reclaim its crucial price mark of $40.00. The market capitalization stands at $291,051,050 with the 24-hour volume traded of $151,530,393.
Top Losers
OMG Network (OMG)
OMG is on the verge to break below its crucial price mark of $3.00. The cryptoasset is currently facing a loss of -5.07% bringing the current level to $3.19. The OMG/BTC pair is also performing significantly negative with a loss of -5.56% bringing the current level to 0.00024290 BTC. The market capitalization stands at $447,922,250 with the 24-hour volume traded of $ 119,315,214. A negative breakout below $3.00 can result in significant price damage for the cryptoasset further ahead in the market.
Zcash (ZEC)
Zcash is currently held on a critical price level of $60.00 and a downfall below the level will provide more momentum to the bears. It is facing a loss of -3.05% bringing the CMP to $60.91 with the market capitalization of $629,900,982 and the 24-hour volume traded of $684,456,826. The ZEC/BTC pair is also performing negative with a loss of -3.48% bringing the current level to 0.00463616 BTC. On the downside, the cryptoasset has got major support at the price level of $55.00 and $52.00 respectively.