Crypto Market Wrap: The Tedium Continues, When Can We Expect a Breakout?

Crypto markets sleeping on Sunday; Zero movement on the majors, Litecoin getting a lift, Binance Coin still buoyant.
Market Wrap
The crypto market tedium continues as the weekend rolls into Sunday. There has been no movement whatsoever for most cryptocurrencies over the past 24 hours and pretty much the past seven days. Total market capitalization is still cemented at $130 billion.
Bitcoin hasn’t even made it to its resistance at $3,900 which could be a sign that steam is running out and a further dump is imminent. BTC continues to consolidate between $3,830 and $3,870 but daily volume has remained stable at $7.5 billion.
Ethereum continues to slowly weaken losing a little more every day. ETH is now down to $135, marginally lower than yesterday’s levels. Over the past week it has mirrored Bitcoin’s actions and remained in a sideways channel. XRP also slowly slides lower and is currently priced at $0.316.
Litecoin is the only crypto in the top ten doing anything during today’s rather lethargic Asian trading session. LTC has added 2.7% and has the third largest volume of all cryptos right now. It has managed to get back close to $50 and is closing the gap to EOS which hasn’t moved at all over the past few days.
Binance Coin is still climbing with another percent today taking BNB over $11.50. The move has enabled it to flip both Stellar and Tron and hold eighth spot. Stellar has dropped the most in the top ten with a slide of 2.4% on the day.
Nothing is going on in the top twenty either. NEO has dropped the most at just over 2% and Dash has added one percent, the rest are static.
Digitex Futures Tops the Charts
There are no major fomo pumps occurring at the moment but Digitex Futures is currently the top one hundred’s top performer with a pump of 11% at the time of writing. The run up to the public launch of the exchange appears to be driving momentum at the moment as DGTX has made 40% over the past week.

Sorry Bulls, Bitcoin Isn’t Going Parabolic Just Yet: Here’s Why
Thursday January 16, 2020

In the middle of 2019, when Bitcoin had just surged above $10,000 on the back of an influx of buying pressure caused by market FOMO amongst investors, analysts thought BTC was on the verge...

The post Sorry Bulls, Bitcoin Isn’t Going Parabolic Just Yet: Here’s Why appeared first on 12bitplay - Bitcoin Play.

The #DigitexTreasury #TokenSale starts today! A fast & easy way to buy #DGTX before public launch 30th April. We also have some exciting news about our software development partners. Stay tuned for a special live AMA w/ Keith Wareing this Monday 3:30 CET https://t.co/FTgYK2HPBg
— Digitex (@DigitexFutures) March 1, 2019

Bitcoin Just Closed Beneath This Key Level and It Isn’t Good for Bulls
Tuesday January 21, 2020

Bitcoin has had a rocky past few days, surging to highs of $9,200 this past Saturday before meeting insurmountable resistance that has sparked a short-term downtrend. This downtrend has led BTC into the mid-$8,000...

The post Bitcoin Just Closed Beneath This Key Level and It Isn’t Good for Bulls appeared first on 12bitplay - Bitcoin Play.

Enjin Coin is also having a good Sunday run with a pump of 8% on the day and Aurora is not far behind adding 7%. There are no major dumps going on at the moment but the worst performing altcoins in the top one hundred at the moment are Quant and ABBC Coin dropping 8% a piece.

Bitcoin Bears Are “Emotionally Broken” as Whales Stack Massive Buy Orders
Saturday January 18, 2020

Bitcoin appears to be currently trading at a pivotal price region, as its reaction to the resistance it is facing at $9,000 could set the tone for where BTC trends in the weeks and...

The post Bitcoin Bears Are “Emotionally Broken” as Whales Stack Massive Buy Orders appeared first on 12bitplay - Bitcoin Play.

Total market capitalization is stuck at $130 billion and has not budged since last Sunday’s big dump. The chart is a flat line at the moment and the consolidation continues as we round out the week. A big move could be imminent and all signs at the moment are bearish as crypto assets still lull around their lowest levels for over a year.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: The Tedium Continues, When Can We Expect a Breakout? appeared first on NewsBTC.

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