- The overall market conditions continue to provide mixed sentiments by moving sideways with BTC and ETH trading positive, whereas altcoins facing negative momentum
- The global crypto market capitalization has reached $453.69B resulting in an increase of 1.77% over the day
- The overall volume traded of the market for the last 24 hour is standing at $110.09B, resulting in a decline of -0.86% over the day
- The dominance of the crypto king regained its positive momentum climbing to 64.49%, increasing by 0.61%
Bitcoin and Ethereum Outperformed Altcoins on Thursday’s Market Session
Bitcoin and Ethereum looked to outperform the altcoins on Thursday’s market session. Both the leading crypto asset in the market were looking to break their respective resistance levels on the upper side. On the other hand, altcoins were facing negative momentum, including Litecoin, Cardano, Binance coin, Chainlink, etc. This kind of momentum is now being noticed at regular intervals in the market sessions where BTC and ETH looked to soak the altcoins’ positive momentum. This also means that investors rely on leading crypto projects rather than the altcoins in terms of investments. Therefore, we can expect both Bitcoin and Ethereum to gain significant levels from here.
Bitcoin Price Predictions
Bitcoin was able to break above the resistance level of $15800 on Thursday’s market session and currently looking to reclaim the crucial mark of $16K. The CMP is placed at $15884.44, with an overall gain of 3.15% at writing. The market capitalization has reached $294,415,964,108 with a 24-hour volume traded of $30,629,615,374. BTC’s dominance has able to revive its positive momentum, which might help the price levels reclaim and sustain above the crucial mark of $16K.
Ethereum Price Predictions
Ethereum attempted to retest the resistance point of $470.00 on Thursday’s market session and yet faced negative reversals. The retracement of the levels can be the negative performance of the ETH/BTC pair, which is facing an overall loss of -2.26%, bringing the current level down to 0.02919870 BTC. The CMP is now placed at $463.83 with a marginal gain of 0.96% bringing the market capitalization to $52,594,724,348 with the 24-hour volume traded to $12,424,755,829. The retracement was stopped at the price level of $455.00, and the crypto asset again revived its positive momentum. This could probably mean that the price level of $455.00 can be coming out as a new support point in the upcoming trading sessions.
Litecoin Price Predictions
Litecoin price levels neglect to show any significant movement in the price levels from the past couple of days. The levels are holding above the price level of $58.00 and looking to break above the resistance mark of $60.00. The CMP is now placed at $59.60 with a marginal gain of 0.36% bringing the market capitalization to $3,925,316,280 with the 24-hour volume traded of $2,372,474,052. The LTC/BTC pair is also performing negative with a loss of -2.94%, bringing the current level down to 0.00374575.
Ripple Price Predictions
Ripple price levels are trying to prevail in its positive sentiment by retesting the resistance mark of $0.260 at regular intervals from the past couple of days. However, the price levels are unable to maintain sustainability above the mark resulting in a retracement. The CMP is now placed at $0.257264 with an overall gain of 0.95% bringing the market capitalization to $ 11,657,288,428 with a 24-hour volume traded of $2,544,066,660. The XRP/BTC pair has turned negative, facing an overall loss of -2.23%, bringing the current level down to 0.0001621 BTC. On the downside, the price levels have support at $0.254.
Chainlink Price Predictions
Chainlink’s price levels were unable to sustain above the crucial mark of $13.00 on Thursday’s market session resulting in negative momentum. The CMP is now placed at $12.87, facing an overall loss of -1.70%, bringing the market capitalization to $5,036,816,691 with the 24-hour volume traded of $1,534,972,576. The LINK/BTC pair has also turned negative, facing an overall loss of -4.85%, bringing the current level down to 0.00080888 BTC. On the downside, the price levels must sustain above the crucial mark of $12.00 for not losing its positive sentiment in the market.