Crypto Market Recap: 26, November 2018
After a brutal Thanksgiving weekend, a small bounce is currently beefing up the market this Monday morning. The board is all green and some altcoins are making big jumps to get back to their former level.
The market capitalization has recovered some from the freefall and is now at $128.9 Billion from yesterday’s $123.25. The 24-hour volume is at $19 Billion and somehow, the BTC dominance has dropped down a notch to 53.7%.
Bitcoin, still reeling from over 40% loss this month, has re-pierced the $4,000 level and gained 5.77% on the day. At the time of this writing, it is trading at $4066 (Binance). As it accumulates, the battle for the 4k resistance is gearing off and it remains to be seen if this level will be successfully defended. Analysts are still skeptical if we have reached the bottom as some of them are still calling for $3k. Current resistance is at $4080 with support still at $3800. As we mentioned yesterday, a drop below $3800 can ignite more losses for the Bitcoin.
Ethereum recovered 6.16% and is now at $117.10. Still too low by anybody’s accounts. Current market capitalization is at $11.8 Billion and the volume is having trouble with pushing the price above $120. As always, it will be a slow crawl back up for Ethereum which is still having trouble with ICO dumps. If it crosses $118 safely without sellers dropping the ball, it could be a good day for Ethereum. Otherwise, there could be more losses pushing towards $100.
Bitcoin Cash had the biggest day today as it surged to 27.12% gain and back to $209.73. Litecoin and XRP, both struggling against the wind during this weeks drop also push double-digit gains at 10% both. Monero is the slowest to move among the Top 10 at 1.91% gain on the day.
We have good action on the Top 25 too as Tezos jumped 14.91% and exchanging hands at $0.578. Outside the double-digit gains, Zcash and Binance are both at 9% growth today. For the rest, the gains are varied at 0–8% with Maker being the slowest to move at 0.08%.
Down below at the Top 100 list, SIRIN LABS Token is performing an eye-popping pump with 94.53%. Nothing on their social media or website indicates what pushed this pump. Monacoin, yesterday’s biggest loser is making a comeback at 41.61% gain. Polymath and Ravencoin, both a frequent visitor to the pump and dump list are both at 32.48% and 27.98% respectively. Veritaseum is also on the 20% up gainers list at 24.78% growth on the day. A good amount of coins are on double-digit growth today and on the opposite side, we are pleased to announce that at the time of this writing, there’s no red coins and all are green at the moment.
Overall, it’s a good way to start the week. Though this is hardly called a bounce and most of the coins are still on or near their lowest for the year, it has brought back some color in the crypto markets.
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 Monday!
Originally published at dna.coinve.st on November 26, 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.