Cryptocurrency Market Posts Mixed Performance: Ethereum Leads the Top Ten
Jun 19, 2018, 8:56PM
The cryptocurrency market displays mixed performance today, with most of the top 100 assets posting small declines in the last 24 hours
The cryptocurrency market is displaying mixed performance today, with most of the top 100 assets posting small declines in the last 24 hours. Out of the top ten, declines are in the low single digits with several assets posting small gains. Among the top 10, Ethereum takes the lead with a 2.64% rally that takes its unit prices to the $525-535 range. TRON is also green with a 6.21% rally that takes its unit price to $0.047 - translating to a market cap of $3.15 billion and the 10th spot on Coinmarketcap.com.
The total cryptocurrency market cap is now worth $289 billion with Bitcoin dominance holding steady at around 40% of the market. Twenty-four-hour volume is slightly lower than average with $13.2 billion worth of assets changing hands.
Bitcoin & Ethereum Technical Analysis
Ethereum made a roughly 5% advance today, but momentum soon stalled. However, so far Ether continues to outperform Bitcoin and the rest of the top 10 over the last 24 hours.
Bitcoin prices are currently finding support at the $6,700 level after breaking through a bullish flag pattern. Right now, near-term resistance can be found at the $6,760 level with much stronger resistance points at $6,800 and the key psychological level of $7,000. The technicals suggest these goals could be reached in the next 48 hours.
Big Movers
Today's biggest movers include Open Trading Network (OTN), Sphre AIR (XID) and Rubycoin (RBY) - these assets are up 52%, 44%, and 34%, respectively on high volume. No known news catalysts are behind the rallies.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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