The cryptocurrency market returns to red territory again. The total capitalization of digital assets in circulation on Wednesday fell from $ 124 billion to $ 121.4 billion. It appears that the short-term recovery has ended. The market resumed its decline amid the lack of fresh positive drivers.
Bitcoin (BTC) is trading at $ 3,600, which is 1.5% lower than on Tuesday. The largest digital asset is caught in a bearish trend, while the inability to pass critical resistance levels increases the pressure down. Assumptions about Russia's plans to buy BTC in the amount of $ 10 billion have not been officially confirmed, because the positive effect quickly disappeared.
Ripple (XRP) is fairly stable at $ 0.33. The coin has dropped by 0.95% in the last 24 hours. The price dynamics of XRP depends on the general mood of the cryptocurrency market, although lately it has been less volatile than other large altcoins.
Ethereum (ETH) is under resistance at $ 122, showing a decline of more than 5% in the last 24 hours. The third largest market capitalization of $ 12.7 billion may be vulnerable to losses due to the delay in Constantinople.
TRON (TRX) is one of the biggest losers to date. The coin has lost almost 4% in the last 24 hours, and at the time of writing it was trading at $ 0.024. The scandal surrounding the TRON Accelerator contest is gaining momentum and creates additional negative pressure for the coin.
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