Cryptocurrency market update: Bitcoin is on the eve of a new massive sale

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  • Bitcoin and large altcoins have resumed the decline on Tuesday.
  • The downward momentum is gaining strength when approaching critical levels. 

The cryptocurrency market remains in the red zone during early Asian trading on Tuesday. A brief attempt failed to bring Bitcoin and large altcoins above critical resistance levels and to inspire a full recovery.

The total capitalization of all digital assets in circulation fell to $ 275 billion from $ 290 billion this time on Monday. The total trading volume is registered at $ 53 billion, while the market share of Bitcoin is set at 65.2%.

Top 4 coin price overview

Bitcoin (BTC / USD) hit $ 9,600, but recovered quickly in the area above $ 10,000; however, the market situation remains unstable as bears prepare for a new attack. At the time of writing, BTC / USD changes from day to day by $ 10,034, a decrease of 5%.

Ethereum, the second largest digital asset with the current market capitalization of $ 22.7 billion, has fallen 5% daily and 2.5% lower since the start of the Asian session on Monday. At the time of writing, ETH / USD is changing hands at $ 211.00, rapidly moving towards critical $ 200.00 amid increasing bearish market pressure.

Ripple & # 39; s XRP is under pressure both from day to day and since the start of Monday. XRP / USD attempted a move above $ 0.3200 and reached the intraday high at $ 0.3206, but dropped to $ 0.3110 at the time of writing. The current market capitalization of Ripple is registered at $ 13.4 billion.

litecoin (LTC / USD) is rapidly losing ground. The fourth largest currency with the current market capitalization of $ 5.7 billion has lost almost 8% of its value and has fallen $ 90.26 after a first attempt to restore more than $ 95.00

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