Crypto Market Cap Creeping Up, BAT Pumped, Digitex Futures Dumped
Crypto Market Recap: 03, November 2018
The crypto markets are still stable this weekend even though we had marginal growth from yesterday. The Top 100 board is a mix of reds and greens and the Top 10 are moving back up.
The market capitalization went up to $206 Billion -adding another $1 Billion back to the money box, quite a good feat, especially for a weekend. It’s still a long way from last month’s $225 Billion. The trading volume is also higher today with $11.5 Billion and the BTC dominance is continuing its downward trajectory at 53.5%.
Bitcoin has been holding up at $6400 overnight but has started correcting lower and is now at $6383. We have a good volume though, which has now climbed at $4 Billion after staying in the $3.5 Billion for the past days. Looking at the chart, the 4-hour MACD is almost dipping back into the bearish zone, the RSI is zooming down below 30 and the SRSI is deep into the oversold. The bears are currently pushing it down. The support is at $6330. Should it go up, the new resistance is at $6433.
Ethereum almost got away above $200 but has now fallen from $202 and is now correcting at $200. The 4-hour chart is the same with MACD almost touching the bear zone and the S/RSI shooting down.
The Top 10 altcoins are displaying good signs with Bitcoin Cash amazingly doing well at 8.26% on the day making it to $460.71 trading price at the moment of writing. Binance, together with Bitcoin.com has just announced a hard-fork plan. Stellar is also doing well today at 3.64% gains reaching $0.233 trading price. Tether is finally grounded back to $1 with 1.48% gain on the day. Monero comes last at 1.22% gain today. The rest have marginal gains below 1%.
The top 25 is not doing good today with the majority with a gain/loss of 1–2%. Tezos is the biggest loser with -2.09% and Bitcoin Gold is the biggest gainer at 2.52%.
In the top twenty Nem has made over 2% but the rest are plus or minus one percent on the day. Tezos and VeChain are the only two falling back but only marginally.
Further down the Top 100 list is a mix of red and greens. Most are still marginal greens but the altcoins are moving albeit slowly and gingerly. BAT or Basic Attention Token, has been gaining due to its listing announcement in Coinbase Pro. BAT has leapt almost 15% during the Asian market session but is now correcting at 11.24%. On the other side, one of the regular pump coins, Digitex Futures have fallen down like a rock today with a huge drop to -23.02%.
Overall, looking at the market capitalization, the crypto markets are still moving sideways. Analysts and watchers are still waiting for a major movement. The good news is that altcoins are now starting to move which might boost the market sentiment and push for a better trend these coming weeks which the analysts have predicted to be the month when we finally take off.
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 Saturday!
Originally published at dna.coinve.st on November 3, 2018.
CoinDNA is an educational website that aids users in research, the first step of their investment journey, providing insights to help navigate investment decisions, including market data for individual tokens, a daily market report, and custom frequently-asked analytics.
