Crypto Market Wrap: BNB and BitTorrent Token (BTT) Defying Sunday Correction

Crypto markets correcting this Sunday; Bitcoin Cash, SV and dumping, BNB, BitTorrent Token and Tezos still up.

Market Wrap

Crypto markets have started to pull back following their $6 billion pump yesterday. Sunday’s action has been somewhat slower as total market capitalization drops back below $140 billion and a selloff starts as day traders take profits.

Bitcoin could not hold yesterday’s high of $4,080 and has fallen back a little. BTC still remains above $4,000 but only just, this heavy resistance zone has proven very difficult to overcome. At the time of writing BTC is trading at $4,020 and volume has dropped below $10 billion indicating that the rally is running out of steam.

Ethereum has also fallen back below $140 after hitting a three week high of $145 yesterday. The 3.4% decline could accelerate losses back to the low $130 area where ETH traded for most of last week. XRP is also falling back but not as severely as Ethereum, closing the market cap gap up…

Read Full Story : NewsBTC

2019-03-17 06:00:02

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