- The overall market conditions have taken a negative turn as Bitcoin slips below the crucial mark of $19K
- The total market capitalization of the crypto market reached $563.67B resulting in a decline of 2.29% over the day
- The total volume traded of the crypto market over the last 24-hours is $237.38B resulting in an incline of 11.25% over the day
- The dominance of the crypto king reached 62.39% resulting in an increase of 0.12% over the day
BTC/USD
After forming a big red candle on yesterday’s market session, Bitcoin provided the hint for the significant retracement which was observed in the current market session. The price levels dropped below $19k due to which CMP is at $18905.08 with an overall loss of -2.68% bringing the market capitalization to $350,614,174,604 and the 24-hour volume traded of $51,032,759,700. The price levels are having major support placed at $18400 on the downside from which the current price levels bounced back from the ongoing downtrend
ETH/USD
The negative momentum for Ethereum came as a surprise with ETH2.0 launching on the way. The price levels have given a negative crossover below the crucial mark of $600 and the CMP is at $592.95. The weekly performance of the world’s second-largest crypto asset has also turned negative with a marginal loss of 0.37%. However, the ETH/BTC pair is still performing positive with a marginal gain of 0.14% bringing the current level to 0.03140455 BTC which might help the price levels to revive its positive momentum in the upcoming trading sessions.
XRP/USD
Ripple’s XRP looked to have sustainability above the crucial mark of $0.60 while facing a significant loss of -5.00. The CMP is placed at $0.617961 bringing the market capitalization to $27,999,880,260 and the 24-hour volume traded to $16,393,438,129. The XRP/BTC pair is also performing negative with a loss of -2.69% bringing the current level down to 0.00003267 BTC. The price levels can found support at $0.60 which can prevent further damage to the levels.
LINK/USD
Chainlink price levels were unable to sustain bullish levels above the crucial mark of $14.00 resulting in a downtrend of -4.13% on Wednesday’s market session. The CMP is placed at $13.59 bringing the market capitalization to $5,350,549,081 with the 24-hour volume traded of $1,896,663,926. The LINK/BTC pair continues to trade negative having a loss of -2.05% bringing the current level down to 0.00071740 BTC. The price levels can find minor support around $13.10 which the negative momentum is sustained in the upcoming trading sessions.
BCH/USD
Bitcoin Cash also faced a significant downtrend resulting in a negative breakout below the crucial mark of $300.00. The ongoing downtrend can be the result of resistance which was placed at $320.00 providing negative reversals. The CMP is placed at $293.63 with an overall loss of -6.62% bringing the market capitalization to $5,438,537,980 and the 24-hour volume traded of $4,154,878,446. The BCH/BTC pair has also turned negative with an overall loss of -4.06% bringing the current level to 0.01541836 BTC.
LTC/USD
Litecoin price levels were able to tackle the overall market conditions and able to perform positively on Wednesday’s market session. The CMP is placed at $89.70 having an overall gain of 1.07% bringing the market capitalization to $5,928,578,493 and the 24-hour volume traded to $10,665,768,129. The LTC/BTC pair is also performing positive with an overall gain of 2.39% bringing the current level to 0.00467982 BTC. The price levels are still looking for a positive crossover above the major resistance level of $90.00.
BNB/USD
Binance coin is looking for sustainability above the crucial mark of $30.00 but faced negative momentum on Wednesday’s market session having an overall loss of -4.11%. The CMP is placed at $30.46 bringing the market capitalization to $4,397,014,902 and the 24-hour volume traded of $447,278,654. The BNB/BTC pair is also facing negative momentum resulting in a loss of -3.14% bringing the current level to 0.00158211 BTC. The price levels are having major support placed at $27.00 and $25.00 respectively on the downside.
DOT/USD
After testing bullish levels around $5.50, Polkadot faced negative momentum probably due to the overall market conditions but was able to maintain sustainability above the crucial mark of $5.00. The CMP is placed at $5.21 having a loss of -5.44% bringing the market capitalization to $4,599,603,971 and the 24-hour volume traded to $842,621,478. The DOT/BTC pair has also turned negative facing an overall loss of -4.06 bringing the current level down to 0.00027157 BTC. A negative breakout below the crucial mark of $5.00 can indicate more price damage in the upcoming trading sessions.
ADA/USD
Cardano has suffered a negative breakout below the price mark of $0.16 resulting in an overall downtrend of -7.65% on Wednesday’s market session. The CMP is placed at $0.157553 bringing the market capitalization to $4,931,048,227 and the 24-hour volume traded of $2,088,654,652 . The ADA/BTC pair is also facing negative momentum with a loss of -5.32% bringing the current level down to 0.00000827 BTC. The price levels are having major support placed at $0.151 on the downside if the current negative move is sustained.
BSV/USD
Bitcoin SV also suffered significant price damage and currently arrived at the major support level of $170.00 on the downside. The CMP is placed at $170.29 while facing an overall loss of -5.86% bringing the market capitalization to $3,168,242,487 and the 24-hour volume traded to $760,872,318. The BSV/BTC pair is also performing negative with a loss of -3.81% bringing the current level down to 0.00893484 BTC.