Cryptocurrency Market Update: Crypto Capitalization Holding $200 Billion
Cryptocurrency Market Update: Crypto Capitalization Holding $200 Billion

 

Monday morning is witnessing virtually no action on crypto markets. They have shown no real movements since the end of last week. Total market capitalization is just over $200 billion and has held that level for the past three days.

Bitcoin is static and has not been able to push towards the next resistance level. BTC is currently trading at $6,480, down very slightly from yesterday. Technicals are indicating more bearish momentum which could drop Bitcoin back to below $6,400. Ethereum also has not moved and is hovering just about $215 at the time of writing.

Altcoins are mixed, half red half green with very little gains or losses either way at the moment. In the top ten Stellar is up almost 2% to $0.204 while Bitcoin Cash has made 1.5% to trade at $445. The rest have not moved since yesterday.

The top twenty shows that only Dash has made any real gains and that is just 4%. It is rapidly catching Cardano which is about to drop out of the top ten. Falling back are Tezos and VeChain which have both dropped 2.5% on the day.

There are a few altcoins pumping at the moment and the one at the top is Aurora. AOA has been climbing all week and is up 70% on the day to $0.036. It has just been listed on KuCoin which is driving today’s momentum;

Since last Monday Aurora has made 180%. FunFair, PowerLedger and Waltonchain are all up 10-13 percent on the day. At the red end of the table for the top one hundred is Mixin getting minced 17% on the day. GAS and Theta Token are also dropping 7-8 percent over the past 24 hours.

There has been very little change in total crypto market capitalization over the weekend. From a climb to over $204 billion a few hours ago it has dropped back to just over $201 billion which is a fraction below yesterday’s levels. Trade volume is currently low also at just over $10 billion.

 

Author: Temitayo Olojede , temity@bitkonga.com

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