Bitcoin, Ethereum Looking For Direction, While DOGE, ADA Rally
Following the Tesla-triggered sharp correction yesterday, the crypto market is still mostly in red today with more green signs appearing among smaller altcoins.
BTC is down by 3%, while ETH corrected by more than 4%. Other coins from the top 10 club are down up to 6%, except DOGE and ADA that are rallying today.
Total market capitalization
bitcoin price tested almost USD 47,000 yesterday before recovering higher and even surpassing the USD 50,000 level again. However, the price failed to keep this level and corrected lower, trading in a range below USD 50,000.
Similarly, ethereum price dropped below USD 3,600 before the bulls appeared and pushed the price above the USD 3,800 level. ETH is not now approaching USD 3,900.
Binance coin, litecoin and XRP price
Binance coin is among the worst performers today, having dropped by 6%. It even tested USD 545, when the buyers appeared. The price is now grinding towards USD 590. Litecoin (LTC) found more buyers at the USD 297 level and moved above USD 300 again. It’s now targeting USD 320. The price is still down by 4% in a day.XRP price corrected towards USD 1.24, but recovered towards USD 1.35, trimming its daily losses to less than 2%.
Other altcoins market today
Boosted by Coinbase and Elon Musk, DOGE is among the best performers today. It’s up by almost 20% and is trading at around USD 0.53. Meanwhile, ADA also rallied, jumping by 8% in a day and surpassing USD 1.85.
At the same time, BCD, KLAY, AR, and HBAR are up by 19%-35%, while OKB, AAVE, CRV, and GT are still down by at least 10%.