Bitcoin, Ethereum, Ripple: the market is ready to enter the phase of consolidation

Recovery of the cryptocurrency market   Gaining momentum, so Bitcoin and all the main altcoins are green this morning, although the momentum seems to be dying out.  

The total capitalization of digital assets in circulation amounted to $ 133.6 billion, which is the best result since February 24. Coins from the top 20 rose from 1% to 12%, with the exception of Maker and Tether, whose value has slightly decreased.

Bitcoin (BTC) is trading at $ 3,918 with an income of less than 1% in the last 24 hours. However, the short-term trend remains bullish. A steady move above $ 3,800 alleviated the immediate bearish pressure and improved the technical picture.  

The price of Ethereum (ETH) , the second largest market capitalization of the coin, is $ 139, which is below the intraday high of $ 140.21. The coin made another unsuccessful attempt to clear the critical resistance level, but it turned out to be a tough nut to crack. Ethereum has grown by almost 2% since that time on Tuesday, moving in sync with the market. Upward momentum may gain momentum later in the day.

Ripple (XRP) is in a narrow range of about $ 0.31, an increase of 0.93% per day. The coin recovered slightly after weekly losses.

Binance Coin (BNB) is the most effective coin from the top 20. BNB moved up to 7th place in the cryptocurrency charts, gaining almost 50% in the last seven days. The coin is trading at $ 15.27, which is 13.17% higher than at this time on Wednesday.

What do you think about the situation in the cryptocurrency market?