Christmas Correction Halted, Majority Of The Digital Assets Safely Out Of The Woods But With Minimal Gains

Crypto Market Recap: 26, December 2018

After a Christmas correction, the crypto market is still down with the majority of the digital assets back in the reds. There were a couple of greens but outside the pumps in the Top 100, most are minimal gains below 3%.

The market capitalization is still below $130 Billion and is at $128. 3 Billion at the time of this writing. The trading volume is at $18.5 Billion, almost 10 Billion lower from its highest during the Santa rally. The Bitcoin dominance is climbing up at 51.7%.

Bitcoin has climbed up a bit from its lowest at $3680 yesterday and is at $3731 at the time of this writing. The trade volume is slowing down at $5.6 Billion and the market capitalization is again dropping at $66.2 Billion.

Ethereum is making its way back to $130 after losing its momentum during the Christmas day correction. At the time of this writing, it is at $127.01. It touched as low as $120 yesterday.

The rest of the Top 10 is not moving after a bit of recovery during the early Asian trading session. The top gainer is Bitcoin Cash with a very minimal gain at 3.31% bringing its price to $172.38. Tron follows with a 1.05% gain on the day. On the other side, XRP is still correcting after a giant run during the Santa rally and is now at a -2.10% setback. The rest are at a minimal gain/loss under 1%.

The Top 25 is on the same page as the Top 10 with barely a movement to anywhere. Tezos is the biggest gainer at 2.91%. Neo and Ethereum Classic are at 1.58% and 1.52% respectively. Waves and Maker are the biggest loser with 5–6% losses.

Down the Top 100, we have several pumps ongoing. ETERNAL TOKEN is having a party at 169.16%. Ender Protocol, a new addition to the Top 100 has jumped 37.09% on the day. Linkey is trying to regain its position at 21.48%. Other assets on the double-digit after Christmas party are ODEM and Polymath between 18–19%. On the other end is DEX dumping at -44.57%.

Overall, the crypto markets are still up by 7% since last Wednesday. Despite the Christmas drop, the altcoins are still in a better position with the Bitcoin dominance at its lowest since October.

Anyhow, this is today’s market recap to give you a glimpse of what happened on the crypto markets while you were sleeping. Trade safe, and have a great Wednesday!

Originally published at dna.coinve.st on December 26, 2018.