Today’s crypto movers: Bitcoin (↓1.27%), Ethereum (↓2.19%), NEAR Protocol (↓7.41%) and Dogecoin (↑10.07%)
The crypto market traded mostly flat as prices recover from the last drop 10 days ago.
The crypto market trades sideways with Bitcoin holding above $20,000. The bearish momentum is still strong, which means a rally at this point is likely to be a bull trap.
The overall crypto market saw prices change by -1.11% in the last 24 hours, which is a similar move to what we saw in the past four trading sessions.
Trading volume over the last 24 hours was 28% higher than the recent 7-day average, meaning traders were closing positions as Bitcoin recovered above $20,000.
Price volatility was 1.11%, which shows minimal price fluctuation.
The two biggest coins: Bitcoin and Ethereum
Bitcoin is the biggest coin by market cap and its price changed by -1.27% over the last 24 hours.
The second most valuable crypto, Ethereum, saw its price change by -2.19%.
Ethereum’s market cap is 34.69% of Bitcoin’s total value.
Today’s biggest gainers and losers
Big gains happened for Dogecoin (DOGE) up 10.07%; Stacks (STX), which rose 8.18%; and Ethereum Classic (ETC) which was up 5.19%. (All figures are based on the last 24 hours of trading at time of writing.)
The largest drops were for NEAR Protocol (NEAR), down 7.41%; The Graph (GRT), which fell 6.47%; and Elrond (EGLD), which was down 6.18%.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.