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The weekend has begun with a fast bounceback of the cryptocurrency market, as Cardano (ADA) is the only coin from the top 10 list that is trading in the red zone.
The key information for Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB):
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$899,441,255,633 | $47,272.74 | $41,253,238,763 | 0.05% |
|
Ethereum |
ETH |
$180,206,019,129 | $1,530.85 | $19,802,189,034 | 4% |
|
Binance Coin |
BNB |
$34,903,365,961 | $220.28 | $4,736,840,353 | -1.59% |
BTC/USD
The rate of Bitcoin (BTC) has remained the same since yesterday. The price change is only 0.05%.
From the technical perspective, a decline is more likely than a rise as bulls could not fix above the $50,000 mark.
In this case, a high MA 50 might occur soon. This is why traders should expect a drop to the area around $42,500.
Bitcoin is trading at $47,200 at press time.
ETH/USD
Ethereum (ETH) is the top gainer today as its rate has risen by 4%.
Despite the growth, Ethereum (ETH) could not break the falling channel. It means that buyers are not ready to rise from the current levels. All in all, bears might seize the short-term initiative and push the leading altcoin to the zone around $1,350.
Ethereum is trading at $1,530 at press time.
BNB/USD
Binance Coin (BNB) is the top loser today as the rate of the native exchange token has dropped by 1.59% over the last 24 hours.
At the moment, neither bulls nor bears are dominating. As a more likely scenario, one might see a retest of the nearest support at $202. If bears break it, the decline may continue to the zone around $180.
Binance Coin is trading at $222 press time.
Godfrey Benjamin
Alex Dovbnya
Dan Burgin
Vladislav Sopov