Cryptocurrency Market Update: 17% Recovery Since Last Sunday’s 2018 Low
FOMO Moments
Crypto markets are bouncing back again, Bitcoin SV, Cardano, Tron and Maker recovering well.
There has been a marginal recovery from yesterday’s market dump this Sunday and things did not fall off the cliff again as we have seen in recent weeks. Total market capitalization has recovered to climb back to around $135 billion at the time of writing.
Bitcoin hovered just below $4,000 on Saturday which served as support as it managed to rally back to over $4,200 adding 5% on the day. Since the middle of last week BTC seems to have started consolidating between these levels. Ethereum has also recovered 4% since yesterday and is back to $118 again. ETH has really struggled to get off the floor since its big November dump.
Altcoins are mostly green this Sunday as Bitcoin SV seems to be making the most progress in the top ten at the moment adding over 9% on the day taking it back to $100. Cardano has also recovered well with a 7% gain and the rest are putting 3 – 5 percent back on today.
In the top twenty Tron has just inched above Monero to take eleventh spot with a gain of almost 7% on the day. Iota, Neo and Ethereum Classic are all adding 6% to their prices during today’s Asian trading session. The rest have made around 4 percent aside from Zcash which hasn’t really moved today. Just outside the top twenty Maker is post a decent gain of 13%.
Having a big fomo induced pump right now is a new entry to the top one hundred – Free Coin. A minor exchange listing seems to have initiated what will surely be another p&d with a 55% surge on the day. Also pumping at the moment is Centrality up 33% right now.
Getting beat up at the red end of things is Theta Token predictably as it has been pumping for a few days. There are no double digit losers at the time of writing as nearly all of the altcoins are recovering this Sunday.
Crypto markets have made about 4.5% since the same time yesterday bringing total market cap to $135 billion. Trade volume has stabilized at around $15 billion and markets have made over 17% since their lows last weekend. Last Sunday was the lowest point of 2018 when total market cap dropped to $115 billion. November in general has been the month from hell as markets collapsed by a third.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
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