- General market conditions face corrections after Bitcoin had a positive breakout above $ 18,000 and Ethereum held out from $ 495.00
- Global market cap tumbled to $ 491.85 billion, leading to a 2.80% drop on the day
- Total volume traded in the last 24 hours is recorded at over $ 146.60B resulting in a -22.60% drop on the day
- Dominance of King of Crypto Declines to 66.17%, Resulting in Loss of -0.41%
BTC / USD
After breaking through the $ 18K bullish bar, Bitcoin faced strong corrections returning to the support level of $ 17,500.00. The CMP is now placed at $ 17,698.50, facing an overall loss of -1.82%. BTC still prevails bullish sentiments after jumping around 10.00% during the week. The correction was expected after the bulls in BTC reached significant levels on the upside. The durability above the support price of $ 17,500.00 also indicates that bullish sentiment is still present for the world’s largest crypto asset. A lasting breakout above $ 18K can create an intense FOMO scenario among investors.
ETH / USD
Ethereum failed to break above the major resistance level of $ 495.00, causing a strong retracement towards the $ 470.00 support. The CMP is now placed at $ 471.77 with a marginal loss of 0.85% bringing the market cap to $ 53,541,160,751 and the 24 hour volume traded to $ 14,401,636,873. ETH / BTC is showing positive performance with an overall gain of 1.07%, bringing the current level to 0.02667803 BTC. The positive performance of the pair could 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 $ 0.30 bar. The CMP is placed at $ 0.288472 against an overall loss of -1.64%, bringing the market cap to $ 13,083,212,241 and the 24-hour traded volume of $ 4,896,712,103. The XRP / BTC pair is performing positively, offering a marginal gain of 0.42%, taking the current level to 0.00001630 BTC. XRP may reignite its positive momentum after facing the consolidation of the past two 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 through the bullish $ 14.00 bar, Chainlink’s price levels lacked sustainability from the gained levels leading to a retracement towards the crucial $ 13.00 mark on the downside. The coin faces an overall loss of -2.12%, bringing the current level to $ 13.29. However, the LINK / BTC pair is positive with an overall gain of 1.00%, bringing the current level to 0.00075530 BTC. The positive sentiment surrounding the majority of altcoins could help the crypto asset to reignite its positive momentum in future trading sessions.
BCH / USD
This week has been volatile for BCH price levels as the blockchain splits into two new hard forks (Bitcoin Cash Node and Bitcoin Cash ABC). Price behavior due to the hard fork news was mostly negative as it faced a negative breakout below the crucial $ 250.00 bar. Levels rebounded after hitting the main support area around $ 220.00. The CMP is now placed at $ 243.58, facing an overall loss of -1.16%, with BCH / BTC behaving positively with a gain of 1.68%, bringing the current level to 0.01380246 BTC. BCH’s current target will be to have a positive and lasting breakout above the crucial $ 250.00 bar.
LTC / USD
Litecoin is gaining new levels for the month after breaking positive 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 cap to $ 5,040,464,175 and the 24-hour volume traded to $ 5,719,644,887. The LTC / BTC pair is also positive with a significant overall gain of 11.63%, bringing the current level to 0.0044100 BTC. Litecoin must maintain current earned levels to build meaningful price recovery action from here.
BNB / USD
Binance coin was able to revive its positive momentum after hitting the $ 7.00 support level on the downside. The CMP is now placed at $ 28.09, with an overall gain of 0.10%. The BNB / BTC pair is also showing positive performance with an overall return of 2.05%, taking the current level to 0.00159190 BTC. The coin is still facing significant resistance at $ 30.00 and $ 33.00 respectively and has failed to maintain above the mark. Positive momentum should retest the mentioned resistance level in future trading sessions.
DOT / USD
Polkadot sets the tone for having a positive and lasting break above the $ 5.00 bullish bar after gaining sufficient positive sentiment in the market. The CMP is now placed at $ 4.72 with an overall gain of 0.50%, bringing the market cap to $ 4,441,144,526 and the 24-hour volume traded to $ 513,210,916. The DOT / BTC pair is also showing significantly positive performance with a gain of 2.51%, taking the current level to 0.0026607 BTC and supporting the positive trend of the crypto asset.
ADA / USD
Cardano was unable to gain significant or new levels for the month in addition to the majority of altcoins and DeFi gaining the bullish momentum. The crypto asset has just managed to break positively above the crucial $ 0.10 bar and is still facing major resistance at $ 0.13. The CMP is now placed at $ 0.10682 with an overall gain of 0.88%, bringing the market cap to $ 3,330,449,392 and the 24-hour traded volume of $ 589,060,323. The ADA / BTC pair is also positive with an overall gain of 1.16%, bringing the current level to 0.00000597 BTC.
BSV / USD
Bitcoin SV faced a large 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 reignite its positive momentum and trade above $ 160.00 again. The CMP is placed at $ 163.22 with an overall gain of 0.62%, bringing the market cap to $ 3,032,167,895 and the 24-hour volume traded to $ 507,244,130. The BSV / BTC pair is also positive with an overall gain of $ 1.50 bringing the current level to 0.00912604 BTC. The revived positive momentum should test the resistance mark of $ 170.00 again.