Today, the cryptocurrency market pleases investors with early signs of recovery. Bitcoin and main altcoins are traded in green, however, the upward shift looks unconvincing. The total value of the coins remains above $ 120 billion after a short fall to $ 119 billion.
As long as the market slumbers in narrow ranges, investors should be alert, because long periods of low volatility are usually accompanied by strong movements.
Bitcoin (BTC) is trading at $ 3,603, adding almost 0.77% in the last 24 hours. The first digital coin cannot break out of a narrow range from the beginning of the week, and so far there are no signs of an upcoming breakthrough.
Nevertheless, many experts believe that the short-term risks of Bitcoin skewed downward.
Ripple (XRP) is below $ 0.32. The second largest market capitalization of $ 13 billion shows an increase of 0.67%, despite the fact that a steady move below $ 0.3200 worsened the technical picture.
Ethereum (ETH) at the time of this writing restored the level at $ 117. The coin floats synchronously with Bitcoin and other altcoins, since there are no new catalysts that could cause ETH movements.
What do you think about the situation in the cryptocurrency market?
