Midweek Crypto Flat And Sideways, Stablecoins Climbing Up The Market Cap


Crypto Market Recap: 12, December 2018

CoinDNA MArket Recap

The crypto market is back to flat and sideways after a small drop yesterday. The crypto board is a mixed bag and both bull traders and investors are anxiously waiting for a reversal.

The market capitalization is now at $109.9, just a bit better from yesterday’s $108.3. The bears are still controlling the trade volume as it slid to $12.7 Billion. The BTC dominance slid down a pithy point at 54.9%.

Bitcoin price has crawled back to $3400 from yesterday’s $3363. For the short term, the path to least resistance is upwards. Should it reconquer $3500, the next resistance is at $3900. On the other end, drops could appear anytime and the price is bound to retest $3200. Under this, the next level of support is at $2885.

Ethereum, as the most dependent coin on BTC’s performance, is continuously following every beat of the grandfather coin. Throughout the day, it has moved upwards a bit and is now at $90.55 from yesterday’s $87.12. Although it looks primed for recovery, it is very much tied to the current crypto trends. As the third largest coin, it is moving in step with the current market and consolidating in a tight range after an intense collapse at the end of the previous week. The coin remains under pressure as long as the market is dominated by bearish sentiments.

The Top 10 has minimal gains and losses after another heartbreaking fall last night. XRP is up at 1.48%, along with EOS at 1.16%. Stellar has climbed up a bit but still down by 1.93%. Bitcoin SV regained the $90 price point but still behind by -1.68%. Bitcoin Cash is down -1.41% on the day. Tether, the stablecoin on the Top 10 has quietly crept up and is now at position #5.

The Top 25 has some good gains at the moment. Tezos is a double-digit gainer today and leading the pack with a 13.97% gain. Binance Coin follows as it continues to trend upward on the day at 6.78%. IOTA is not getting any love with a -5.92% loss. The rest are in the zone of minimal gains/loss between 0–3%. Like Tether, TrueUSD stablecoin is also climbing up the ranks and is now at position #23.

The Top 100 still have the DEX tripping to 41.46% gain. This coin is now becoming a regular on our pump and dump list. At a far second is Waves with a 16.09%, ProximaX (a last minute addition to the Top 100) at 15.76%, and Augur at 12.98% gains on the day. On the other end, WAX, which happened to pump yesterday, is now dumping at -21.85%.

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 12, 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.