Home Bitcoin News BitCoin Forex Cryptocurrency market update: Bitcoin glued to $7,800; altcoins show a variety of trends – FXStreet

Cryptocurrency market update: Bitcoin glued to $7,800; altcoins show a variety of trends – FXStreet

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  • BTC/USD has been range-bound since June 4.
  • Tezos defies gravity with over 11% of day-on-day gains.
  • Bitcoin SV loses ground amid technical correction.

The cryptocurrency market is a mixed picture during Asian hours on Friday as Bitcoin stayed mostly unchanged, while top-20 altcoins demonstrated divergent momentum. The total capitalization of all digital assets in circulation remained unchanged at $250 billion. An average daily trading volume dropped from $71 billion to $67 billion. 

Top-3 coins price overview

  • At the time of writing, BTC/USD is hovering at $7,80, mostly unchanged both on a day-on-day basis and since the beginning of Friday trading.  The largest digital asset has been range-bound since June 4 as the recovery attempts are blocked by short-term speculative positioning.
  • Ethereum, the second largest digital asset with the current market capitalization of $26.4 billion, is changing hands at $248.7, off the Asian high registered at $251. A failed attempt to settle above psychological $250 added dark colors to the short-term technical picture.
  • Ripple’s XRP stays marginally below $0.42 at the time of writing after an initial attempt to move towards $0.43. The third largest coin has gained over $3.5% in recent 24 hours amid an intraday recovery trend.

The biggest market-movers

  • Tezos (XTZ) is the growth leader of the day, with over 11% of gains in recent 24 hours. The 11th largest cryptocurrency with the current market capitalization of $884 million is changing hands at $1.35 with a bullish bias.
  • Bitcoin SV (BSV) is a big loser. The 8th largest coin has gained lost nearly 10% in recent 24 hours to trade at $194 by press time.

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