Consolidation Weekend For the Crypto Market, Bitcoin Gets Back To $5300

The weekend is progressing with no sudden movements as the crypto markets remain on stasis. The crypto board is neither here nor there, nominally declining and uptrending by small digits over the day.

 

The total market capitalization has been coming up and down on the $172 Billion levels and is currently at $171.9 Billion at the time of this writing. This consolidation period seems to be standard for the recent weekends. The trading volume has gone lower and is down by 6.8% this Sunday. Currently, it is at $37.7 Billion with the Bitcoin dominance down by a point at 54.4%.

 

Bitcoin has been quietly progressing, going as high as $5300 during the Asian trading session. It is now trading at $5290.96 with 0.64% gain on the day. It needs to navigate the $5300 range strongly in order to retest $5400 again and get back to its former level before the huge drop this week. The daily trading volume has dropped to $12.5 Billion from yesterday’s $14.3 Billion.

 

After week low below $150, Ethereum is slowly going up and nearing the psychological level at $160. At the time of this writing, it is trading at $158.78 with a 1.45% gain. XRP has gained 0.53% and is still below its resistance at $0.30.

 

 

The rest of the Top 10 had marginal movement as well but remains positive overall. Binance Coin is continuously showing strength and is the biggest mover on the Top 10 today. It has gained 2.68% and is almost reaching back $23. Cardano and Stellar are like sisters in arms, both with 1% gains on the day. Only Litecoin is red today and is set back by -1.23%.

 

The Top 25 has been performing better and is moving to clear the cobwebs of the Tether controversy as soon as they can. Basic Attention Token has once again gotten our attention by bouncing back quickly and this time with a 9.66% jump to trade at $0.407. Ontology fans are moving the asset out of the doldrums with a 5.97% gain following news of regulated stable coin PAX launching on the Ontology network. The rest are at 1-3% gain and NEM on the other side with a loss of -1.56%.

 

Down the Top 100, ODEM is the top performer out of the entire Top 100 list with a 16.23% gain on the day. It has recently announced a partnership with Ethos, a universal wallet app, which is the reason for the current surge. Orbs follow with a 13.91% pump, as well as an 11.48% gain for LOOM. There is not much dump today except for Maximine Coin due for another dump but is holding at -5.79%.

 

 

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