Home Cryptocurrency News Cryptocurrency market update: Bitcoin hovers under $8,700, while XRP and BSV shoot higher – FXStreet

Cryptocurrency market update: Bitcoin hovers under $8,700, while XRP and BSV shoot higher – FXStreet

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  • BTC/USD staged a mild recovery, though the trading activity is subdued.
  • Ripple is a big winner; the coin is growing actively in Asia.
  • Bitcoin SV runs wild again with over 20% of gains.

Bitcoin and most of the major altcoins are staying in a green zone following the mild recovery on the weekend. The total capitalization of all digital assets in circulation settled at  $276 billion, off the recent Sunday high $278 billion, while an average daily trading volume retreated to $69 billion.

Top-3 coins price overview

  • At the time of writing, BTC/USD is hovering marginally below $8,700, mostly unchanged since the beginning of Monday with 1.5% of gains on a day-on-day basis.  The largest digital asset attempted to break above $8,800 on Sunday but failed to keep the ground. 
  • Ethereum, the second largest digital asset with the current market capitalization of $28.5 billion, is range-bound on Monday. The coin has slipped Sunday’s high of $274,15 to trade at $267.90 by press time.
  • Ripple’s XRP is a bit more successful this Monday morning. The third largest coin has settled above $0.4570, having gained nearly 5% since time on Sunday and 2.8% since the beginning of the Asian trading on Monday. 

The biggest market-movers

  • Bitcoin SV  (BSV) is a big winner again. The coin has gained over 20% in recent 24 hours and remained bid in Asian. At the time of writing, the currency is changing hands at $226. 
  • Cosmos and Ethereum Classic are also doing well. Both coins have gained over 8% in recent 24 hours to trade at $6.21 and $9.37 respectively.

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