The cryptocurrency market has been on a roller coaster ride in the past few weeks. After hitting an all-time high of $24,000, Bitcoin (BTC) has been trading in a tight range around the $23,000 mark. Ethereum (ETH) and most altcoins have seen losses in the past 24 hours.
Bitcoin has been trading in a tight range around the $23,000 mark for the past few days. The leading cryptocurrency has been unable to break the $24,000 resistance level and has been trading in a range between $22,000 and $23,000. At the time of writing, BTC is trading at $22,945 with a market cap of $427 billion.
Ethereum, the second-largest cryptocurrency by market cap, has seen losses in the past 24 hours. ETH is currently trading at $619 with a market cap of $71 billion. The altcoin has been unable to break the $650 resistance level and is trading in a range between $600 and $650.
Most altcoins have also seen losses in the past 24 hours. XRP, the third-largest cryptocurrency by market cap, is trading at $0.60 with a market cap of $27 billion. The altcoin has been unable to break the $0.65 resistance level and is trading in a range between $0.55 and $0.60.
Litecoin (LTC) is trading at $90 with a market cap of $6 billion. The altcoin has been unable to break the $95 resistance level and is trading in a range between $85 and $90. Binance Coin (BNB) is trading at $30 with a market cap of $4 billion. The altcoin has been unable to break the $32 resistance level and is trading in a range between $28 and $30.
The total cryptocurrency market cap is currently at $637 billion. The market has been unable to break the $650 billion resistance level and is trading in a range between $600 billion and $650 billion.
The cryptocurrency market has been on a roller coaster ride in the past few weeks. After hitting an all-time high of $24,000, Bitcoin (BTC) has been trading in a tight range around the $23,000 mark. Ethereum (ETH) and most altcoins have seen losses in the past 24 hours. The total cryptocurrency market cap is currently at $637 billion.
It remains to be seen if the cryptocurrency market can break the $650 billion resistance level and continue its upward momentum. If the market is able to break the resistance level, it could lead to a new all-time high for the total cryptocurrency market cap. On the other hand, if the market fails to break the resistance level, it could lead to a correction in the near future.
