Cryptocurrency Market Update: Waiting For Signals on a Flat Monday

FOMO Moments

Markets are flat this morning with few coins moving; ChainLink doing well but Aelf, TenX and Bitcoin Gold suffering.

As we start another working week crypto land remains flat after a weekend of inactivity across the markets. There have been virtually no movements in total market capitalization which remains under $300 billion.

Bitcoin hasn’t moved at all and is still trading at $8,160 where it was this time yesterday. Likewise with Ethereum which is trading at $465, the same level as the weekend. Altcoins are mostly in the red but by very small amounts, the top ten is pretty much the same as yesterday. Stellar has fallen back the most once again with a 4% decline to $0.30. Over the week XLM is still up 3.5% since last Monday.

The top twenty is also red at the moment with all coins in decline aside from Ethereum Classic which is up 1.6% to $17. The biggest loss is from Binance Coin which has dropped 5.8% to $13.60 followed by Monero which is down 4.4% to $135. The rest are losing between 1-2% at the moment.

Further down the list the losses are greater with over 5% declines for 0x, Zilliqa and Bitcoin Gold. Icon however is in the green by 2.6% to trade at $1.33. ChainLink is the top performing altcoin at the moment with a climb of 6.8% to $0.342. At the opposite end of the crypto spectrum is Aelf which has dropped 10% followed by TenX down 8%.

Markets are poised for another movement over the next couple of days. Total capitalization has not changed in the past 24 hours and remains just below $295 billion at the time of writing. Since last Monday crypto markets have gained a marginal 2.7% and are still up trending slightly since mid-July. Trade volume is currently at $13.5 million which is slightly higher than this time yesterday.

A further upswing will take markets over $300 billion and Bitcoin to its next major resistance level near $9,000. More bearish selling though could see things go back to the lows earlier this month.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

The post Cryptocurrency Market Update: Waiting For Signals on a Flat Monday appeared first on NewsBTC.

by Martin Young on July 30, 2018 at 02:43PM