Top 10 cryptocurrencies today konsolidiruyutsya and traded slightly below yesterday’s highs.
A notable exception is Bitcoin Cash, whose growth exceeded 23 percent in the last 24 hours. At the time of article publication, this figure has decreased a bit.
Currently, the total market capitalization of all cryptocurrencies fell by $ 38 billion is about 3 per cent from yesterday’s high of 401,87 billion dollars. At the same time, it is 40 percent above the recent low of 276 billion dollars, recorded 6 Feb.
Bitcoin Cash (BCH), the fourth largest cryptocurrency in the world by market capitalization, is currently trading at 1215 U.S. dollars, is almost 60 percent above the minimum, which she demonstrated on Tuesday, February 6 ($764).
Bitcoin (BTC) is trading at 8468 USD, and this is a slight decline (0.48 percent) compared to the previous day, when he was traded at the level of 8,509.$ 11. However, on the stock exchange GDAX Coinbase, BTC is trading well above the 200-day moving average which is at $8020. In addition, bitcoin managed to break the resistance, and this can lead to the fact that the price will break recent high at $ 8650 (according to CoinMarketCap).
Meanwhile, most other cryptocurrencies such as ethereum, Ripple, cardano, litecoin, NEO show a drop of about 3 percent from yesterday’s maximum values.
It is obvious that the cryptocurrency market konsolidiruyutsya, exceeding yesterday’s highs would lead to the formation of a bullish trend, however, this has not happened, at least for most cryptocurrencies.