Crypto markets correcting this Sunday; Bitcoin Cash, SV and Crypto.com dumping, BNB, BitTorrent Token and Tezos still up. Market Wrap
Crypto markets have started to pull back following their $6 billion pump yesterday. Sunday’s action has been somewhat slower as total market capitalization drops back below $140 billion and a selloff starts as day traders take profits.
Bitcoin could not hold yesterday’s high of $4,080 and has fallen back a little. BTC still remains above $4,000 but only just, this heavy resistance zone has proven very difficult to overcome. At the time of writing BTC is trading at $4,020 and volume has dropped below $10 billion indicating that the rally is running out of steam.
Ethereum has also fallen back below $140 after hitting a three week high of $145 yesterday. The 3.4% decline could accelerate losses back to the low $130 area where ETH traded for most of last week. XRP is also falling back but not as severely as Ethereum, closing the market cap gap up again.
The top ten is pretty much all in the red during the day’s Asian trading session. That is all except Binance Coin which is acting like a stablecoin again as traders