Bitcoin Begins To Get Stuck At $4k Resistance, Bitcoin Cash Doubles In Three Days

CoinDNA MArket Recap

The crypto market is still green at the time of this writing but is already showing signs of dipping. After an entire week of good performance, starting on Monday and continuing thru Friday, the crypto-board is turning red for a well-timed correction.

The market capitalization is at $132 Billion and is at its highest level this month. The trading volume is growing each day with a new high at $26.8 Billion. The altcoins are beginning to recover lost grounds and the BTC dominance is showing a downtrend at 53.2%.

Bitcoin, which has made over 25% from its 15 month low, has now dipped -1.09% after hitting resistance at the $4100. At the time of this writing, it has pulled back a little and is at $3952. Still, the trend is still bullish and the sentiment is high.

Ethereum is still on a good run at 4.20% gains today, bringing the price to $112.18 at the time of this writing. The sellers appeared when it hit $120 resistance and is currently correcting. It is advancing in market capitalization and is now at $11.9 Billion -just $2 Billion behind XRP which is sideways trading at the moment.

The Top 10 still hasn’t caught up to Bitcoin and is still on the positive trend. Bitcoin Cash is mooning and has made another 34.77% today, It was at $151.38 yesterday morning and now, it has reached another level at $214.74. It has doubled since Wednesday. Bitcoin SV is also regaining with a new price at $122.35 and a 23.67% gain. Tron is catching up with a 9.23% gain today. On the other end, Litecoin is not moving and is at -0.70% loss on the day.

The Top 25 has Bitcoin Gold on the top gainers with a 13.10% gain on the day. Dash follows with an 11.77% gain on the day, And Cardano as well is having a good day with a 10.69% gain. On the other end, Waves is on a correction and is dumping -11.24%. The rest have minimal losses at 0–4% on the day.

On the Top 100, the correction is becoming more obvious as reds are beginning to dominate the scene. There are the usual pumps with a token called Buggyra Coin jumping on the Top 100 with a 79.28% gain on the day. Crypto.com Chain also managed to climb back to the Top 100 with a 20.95% gain. Bitcoin Diamond, Aion, and Komodo complete the double-digit gainers of the day. On the other end, DEX is leading the dumpers at 23% loss on the day. Stratis, QASH, and Monacoin have also dumped hard between 10–14% losses.

At almost the same time since last Friday, the crypto markets have recovered by 25%. It is still slightly down on the month however. The coming weekend will be a test to see if the bullish sentiment will continue to be strong and take the market to the next level.

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 Friday!


Originally published at dna.coinve.st on December 21, 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.