- The overall market conditions face negative momentum besides BTC sustaining above the $19k mark and performing positively.
- The global market capitalization has reached $ 569.57B, resulting in an increase of 1.75% over the day
- The total volume of the crypto market has reached $273.44B resulting in an increase of 8.50% over the day
- The dominance of the crypto king is at 61.51% resulting in an increase of 0.855 over the day
BTC/USD
Bitcoin price levels faced significant retracement around $19300 which could be acting as a new resistance point. However, the bullish sentiment is still prevailing as the world’s largest crypto asset has prevented any sharp negative divergence in the levels and maintaining sustainability above $19k. The CMP is placed at $19105.45 with an overall gain of 3.78% bringing the market capitalization to $ 353,910,153,387 and the 24-hour volume traded of $ 53,316,245,883. On the downside, the levels are having major support placed at $18700.
ETH/USD
Ethereum faced heavy negative momentum on Wednesday’s market session resulting in a negative breakout below the crucial mark of $600.00. The CMP is now placed at $594.13 with an overall loss of -2.80% bringing the market capitalization to $ 67,567,563,730 and the 24-hour volume traded to $ 23,869,857,223. The ETH/BTC pair is also facing significant negative momentum with current levels down to 0.03120567 BTC facing an overall loss of -5.76%
XRP/USD
After having a massive overall gain of 130.005 over the week, XRP faced negative momentum on Wednesday’s market session resulting in a negative breakout below $0.70. The CMP is now placed at $ 0.670190 with an overall loss of -5.42%, bringing the market capitalization to $ 30,372,154,240 and the 24-hour volume traded of $ 29,067,958,833. The XRP/BTC pair is also trading negative with a loss of -9.07%, bringing the current level to 0.00003516 BTC.
LINK/USD
Chainlink attempted a positive breakout against $16.00 to reach its 52-week high point, around $18.00 but faced negative reversals on Wednesday’s market session. The CMP is now placed $ 15.35 with an overall loss of -5.19% bringing the market capitalization to $ 6,039,367,836 and the 24-hour volume traded at $ 2,097,098,500. The LINK/BTC pair is also trading negative with a loss of -7.10%, bringing the current level down to 0.00080530 BTC.
BCH/USD
Bitcoin cash positive move consisting of 36.52% gain over the week was halted at the price level of $360.00 and faced negative reversals indicating that the level can be acting as a new resistance level. The CMP is now placed at $ 340.88 with an overall loss of -6.75%, bringing the market capitalization to $6,298,307,532 and the 24-hour volume traded to $ 6,277,223,761. The BCH/BTC pair is also facing significant negative momentum getting the current level down to 0.01781029 BTC, resulting in an overall loss of -9.67%.
LTC/USD
After touching the crucial mark of $90.00, Litecoin faced healthy retracement, which forced the levels to take a negative dip to the support level of $85.00. The support did provide a marginal positive bounce back to the price levels bringing the CMP to $88.72 and facing an overall loss of -2.64%. The LTC/BTC pair is also facing negative momentum, getting the current level down to 0.00460573 BTC, resulting in an overall loss of -6.57%. The positive bounce in the levels might indicate that the levels are looking to retest the significant resistance of $90.00 again.
BNB/USD
Binance coin was able to have a positive breakout against the significant resistance level of $33.00. However, the positive momentum was halted at the point of $35.00, bringing the CMP to $33.34, resulting in an overall loss of -1.04%. The BNB/BTC pair is also performing negative with a loss of -5.73%, bringing the current level down to 0.00173698 BTC. The price levels need to have a positive breakout above $35.00 to build a significant price recovery action; otherwise, it can be trapped in consolidation.
DOT/USD
The testing of the crucial mark of $6.00 didn’t go quite well for Polkadot as the price levels trade negatively after that. The CMP is now placed at $5.63, facing an overall loss of -3.19%, bringing the market capitalization to $4,966,502,373 and the 24-hour volume traded of $ 996,367,693. The DOT/BTC pair is also performing negative with a loss of -6.22%, bringing the current level to 0.00029230 BTC.
ADA/USD
Cardano maintained its positive momentum on Wednesday’s market session and was able to give a positive breakout against the minor resistance placed at $0.17. The CMP is now positioned at $0.174119 with an overall gain of 6.46% bringing the market capitalization to 4 5,329,936,826 and the 24-hour volume traded of $ 1,900,918,113. The ADA/BTC pair is also performing positive with an overall gain of 3.93%, bringing the current level to 0.00000890 BTC
BSV/USD
Bitcoin SV can maintain its sustainability above the crucial mark of $200.00 on Wednesday’s market session. The CMP is placed at $204.75, having an overall gain of 1.00% bringing the market capitalization to $ 3,813,897,324 with the 24-hour volume traded of $ 1,558,868,873. However, the BSV/BTC pair is dealing negatively with an overall loss of -1.575, bringing the current level down to 0.01064458 BTC.