• The bearish sentiments are growing stronger.
  • Bitcoin extends the downside, slips below $7,900.
  • Monero and NEO are the only coins in green.

The cryptocurrency market is back in the red zone with Bitcoin and all major altcoins nursing losses ranging from 1% to 7%. The current market capitalization of all digital assets in circulation reached $245 billion, while an average daily trading volume is registered at $76 billion. 

The SEC’s decision to postpone VanEck’s ETF might have produced an adverse effect and increased the downside pressure on the market. However, technical and speculative factors remain the key drivers for the market at this stage. 

Top-3 coins price overview

  • Bitcoin is changing hands at $7,874, down 1.5% on a day-on-day basis. The first digital coin slipped under $7,900, but critical $7,800 remains unbroken as of yet.
  • Ethereum, the second largest digital asset with the current market capitalization of $26.6 billion, is trading under $249 with a strong bearish short-term momentum. The coin is down 1/1% since this time on Monday.
  • Ripple’s XRP is the biggest loser out of top-3. XRP/USD broke below $0.3900 handle to trade at $0.3883 by the time of writing. The coin is down 3% on a day-on-day basis.

The biggest market-movers

  • NEO, the 20th largest coin, managed to gain 4% in recent 24 hours despite the bearish momentum on the market; though, the upside may be limited. NEO/USD is changing hands at $11.80.
  • Monero (XMR) is also on the rise. The coin is trading at $91.35 with nearly 3% o gains on a day-on-day basis.
  • Tezos is the biggest loser of the day. The 16th largest coin is nursing 7% of losses.
     

(Excerpt) Read more Here | 2019-05-21 05:33:00
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here