Altcoins
Major Coins Trading Sideways, Bitcoin Deepens Under $10,000
Most major cryptocurrencies are trading sideways, reporting minor gains and losses
Monday, Sept. 23 — Major cryptocurrency markets are reporting mixed signals today, with Bitcoin (BTC) being slightly bearish following the launch of Bakkt’s physically delivered Bitcoin futures.
Market visualization. Source: Coin360
The leading digital currency Bitcoin is down by 1.55% on the day to trade at around $9,813 at press time. During the day, BTC has been trading in a narrow corridor between $9,788 and $10,097, which are the lowest and highest price points of the coin over the day.
As Cointelegraph reported in a dedicated analysis earlier today, if Bakkt momentum picks up, the Bitcoin price could see resistance around $10,630 on the day. On the other hand, support on the weekly Bollinger Bands sits around $7,700. If this level is broken, the price needs to hold $7,150 before the monthly moving average is breached.
Bitcoin 24-hour price chart. Source: Coin360
Ether (ETH), the second-top cryptocurrency by market capitalization, is slightly down by 0.20% over the day, trading at $207.07 at press time. The major altcoin saw its highest price point over the week on Sept. 19, reaching $223.70, with a weekly low of $191 on Sept. 16.
Ether seven-day price chart. Source: Coin360
Conversely, XRP is in the green today, having gained 2.68% to trade at around $0.280 at press time. The third-largest coin traded at around $0.258 on Sept. 16, which was XRP’s lowest price point on its weekly chart, while the high was $0.323 on Sept. 18.
XRP seven-day price chart. Source: Coin360
On the top-20 cryptocurrencies list, Chainlink (LINK), Tezos (XTZ) and IOTA (MIOTA) are major gainers, up 3%, 4.22% and 4% respectively. Major losers today are Stellar (XLM) and Monero (XMR), which are down by over 3%, while Algorand (ALGO) has lost 5.93% on the day.
Today, Binance officially announced the listing of XTZ, launching three new trading pairs featuring BTC, top stablecoin Tether (USDT) and Binance’s native token Binance Coin (BNB).
The total market capitalization of all cryptocurrencies is at $265 billion at press time, up from a weekly low of $259 billion earlier today.
Total market capitalization of all cryptocurrencies seven-day chart. Source: Coin360
