Cryptocurrency Market Update: Waiting For Momentum On Sunday

Source: NewsBTC, originally published on .

https://www.newsbtc.com/2018/09/16/cryptocurrency-market-update-waiting-for-momentum-on-sunday/.

FOMO Moments

Markets are sleepy this Sunday, Ethereum is holding steady, Bitcoin Cash, Litecoin and Monero dropping back.

There has been a very minor pullback in crypto markets today. In general though things have been pretty static over the weekend and total capitalization has remained over $200 billion for another day.

Bitcoin has lost a fraction since yesterday and is currently trading at $6,500. The critical level is still the $6,600 resistance point for BTC though bullish momentum appears to have waned over the weekend. Ethereum has made another percent gain to lift it to $218 at the time of writing.

Altcoins are a mixed bag with more red than green on the boards this morning. In the top ten Bitcoin Cash, Litecoin and Monero have suffered 2-3 percent drops over the past 24 hours, the rest are flat with very little movement over the past day.

The top twenty shows a similar picture with most altcoins falling back a percentage or two. Following its big pump yesterday, Tezos has fallen back 4% on the day to $1.59. Only Dogecoin is back in the green with a 1.7% gain on the day.

The bigger scene in the top one hundred reveals that Aurora is again top gainer with 11% on the day. Bitshares and Populous are also up 6-7 percent over the past 24 hours. At the messy end of things is Rchain dumping 11% followed by Nano and Zcoin losing 6-7 percent on the day.

Total crypto market capitalization has not done much since yesterday. Following a dip to $199 billion they have recovered slightly to trade at just below $202 billion where they were this time on Saturday. Trade volume has fallen marginally to just over $10 billion on the day. Over the past week markets are up a little but the monthly view sees them down almost 4%. Bitcoin dominance is still strong and is currently 55.7% of the market.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

The post Cryptocurrency Market Update: Waiting For Momentum On Sunday appeared first on NewsBTC.

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