- The overall market conditions are facing corrections after Bitcoin had a positive breakout above $18k and Ethereum resisting back from $495.00
- The global market capitalization has dropped to $491.85B resulting in a decline of 2.80% over the day
- The total volume traded over the last 24 hours is recorded over $146.60B resulting in a decline of -22.60% over the day
- The dominance of crypto king declines to 66.17% resulting in a loss of -0.41%
BTC/USD
After breaking above the bullish mark of $18K, Bitcoin faced strong corrections retracing back to the support level of $17500.00. The CMP is now placed at $17698.50, facing an overall loss of -1.82%. BTC still prevails bullish sentiments after surging about 10.00% over the week. The correction was expected after BTC bulls gained significant levels on the upside. The sustainability above the support price of $17500.00 also indicates that the bullish sentiment is still present for the world’s largest crypto asset. A sustainable break above $18K can create an intense scenario of FOMO among the investors.
ETH/USD
Ethereum failed to surpass the major resistance level of $495.00, resulting in a strong retracement to the support of $470.00. The CMP is now placed at $471.77 with a marginal loss of 0.85% bringing the market capitalization to $53,541,160,751 and the 24-hour volume traded of $14,401,636,873. The ETH/BTC pair is performing positive with an overall gain of 1.07%, bringing the current level to 0.02667803 BTC. The positive performance of the pair might help the price levels to bring back its positive momentum and retest the resistance level.
XRP/USD
XRP price levels are currently testing the major resistance level of $0.29 and looking to have a positive breakout above the crucial mark of $0.30. The CMP is placed at $ 0.288472 facing an overall loss of -1.64%, bringing the market capitalization to $13,083,212,241 and the 24-hour volume traded of $4,896,712,103. The XRP/BTC pair is performing positive providing marginal gain of 0.42%, bringing the current level to 0.00001630 BTC. XRP can revive its positive momentum after facing consolidation from the past couple of months. A break above the current resistance level will surely set the pace for its bullish rally on the long turn.
LINK/USD
After breaking above the bullish mark of $14.00, Chainlink price levels were missing sustainability over the gained levels, which resulted in a retracement to the crucial mark of $13.00 on the downside. The coin is facing an overall loss of -2.12%, bringing the current level to $13.29. However, the LINK/BTC pair is performing positive with an overall gain of 1.00%, bringing the current level to 0.00075530 BTC. The positive sentiment surrounding the majority of the altcoins might help the crypto asset to revive its positive momentum in the upcoming trading sessions.
BCH/USD
This week has been a volatile one for BCH price levels as the blockchain gets splits into two new hard forks (Bitcoin Cash Node and Bitcoin Cash ABC). The price behaviour due to the news of hard fork has been mostly negative as it faced a negative breakout below the crucial mark of $250.00. The levels bounced back after reaching the major support area around $220.00. The CMP is now placed at $243.58, facing an overall loss of -1.16% with BCH/BTC performing positive with a gain of 1.68%, bringing the current level to 0.01380246 BTC. The current target for BCH will be to have a positive, sustainable breakout above the crucial mark of $250.00.
LTC/USD
Litecoin is into gaining new levels for the month after having a positive breakout against the major resistance level of $75.00. The CMP is placed at $76.47 with a significant gain of 4.58%, bringing the market capitalization to $5,040,464,175 and the 24-hour volume traded of $5,719,644,887. The LTC/BTC pair is also performing positive with a significant overall gain of 11.63%, bringing the current level to 0.0044100 BTC. Litecoin must sustain the current gained levels for building a significant price recovery action from here.
BNB/USD
Binance coin was able to revive its positive momentum after touching the support level of $7.00 on the downside. The CMP is now placed at $28.09, having an overall gain of 0.10%. The BNB/BTC pair is also performing positive with an overall yield of 2.05%, bringing the current level to 0.00159190 BTC. The coin is still facing significant resistance at $30.00 and $33.00 respectively and failed to sustain above the mark. The positive momentum is expected to retest the mentioned resistance level in the upcoming trading sessions.
DOT/USD
Polkadot is setting its pace for having a positive, sustainable breakout above the bullish mark of $5.00 after gaining ample positive sentiment in the market. The CMP is now placed at $4.72 having an overall gain of 0.50%, bringing the market capitalization to $4,441,144,526 and the 24-hour volume traded to $ 513,210,916. The DOT/BTC pair is also performing significantly positive with a gain of 2.51%, bringing the current level to 0.0026607 BTC and supporting the positive trend of the crypto asset.
ADA/USD
Cardano hasn’t been able to gain any significant or new levels for the month besides the majority of the altcoins and DeFi taking on the bullish momentum. The crypto asset has just managed to give a positive breakout above the crucial mark of $0.10 and still facing major resistance at $0.13. The CMP is now placed at $0.10682 having an overall gain of 0.88%, bringing the market capitalization to $3,330,449,392 and the 24-hour volume traded of $ 589,060,323. The ADA/BTC pair is also performing positive with an overall gain of 1.16%, bringing the current level to 0.00000597 BTC.
BSV/USD
Bitcoin SV faced significant retracement after testing the major resistance level of $170.00. The negative trend forced the price levels to have a negative breakout below $160.00. However, the support level of $155.00 helped the crypto asset to revive its positive momentum and now trading above $160.00 again. The CMP is placed at $163.22 with an overall gain of 0.62%, bringing the market capitalization to $3,032,167,895 and the 24-hour volume traded of $507,244,130. The BSV/BTC pair is also performing positive with an overall gain of 1.50$ bringing the current level to 0.00912604 BTC. The revived positive momentum is expected to retest the resistance mark of $170.00 again.