CMC: The Market Is Finally Greener

CMC: The Market Is Finally Greener
  • According to Coinmarketcap`s Daily Chronicle, “it’s finally green”.
  • The overall market has seen a Total Market Capitalization of $929.44 Billion.
  • Bitcoin is up by 3.68 percent.

The current crypto downturn has seen individual traders, as well as organizations and cryptocurrency pairs, suffer severe losses in their operations. However, according to Coinmarketcap`s Daily Chronicle, “it’s finally green.” The CMC media team believes that even when the changes are minor, it’s still getting green.

Cryptocurrency prices heatmap, source: Coin 360
Cryptocurrency prices heatmap, source: Coin 360

This comes after the overall market has seen a Total Market Capitalization of $929.44 Billion which is significantly a 0.65 percent increase over the last 24 hours. The market has also seen a 24-hour trading volume surge of 42.48 percent to reach the $94.46 billion mark.

This is a significant increase as long as the ongoing crypto downturn is concerned. It is to be seen how the market stabilizes in the coming weeks as everyone is prospectively positive about the results.

According to Coinmarketcap data, the topmost cryptocurrencies are leading the way to the anticipated greener future with Bitcoin, Ethereum, and Tether (USDT) gaining by over 1 percent over the last 24 hours.

Bitcoin which dominates the market by over 37 percent is up by 3.68 percent to $19,403 and could get higher in case it surpasses its key resistance of $19,464. BTC has a current market capitalization of $371,277,973,387, a 3.77 percent increase from the last day.

Ethereum, which ranks second according to CMC, has opened today with a massive percentage increase of 6.71% reaching a price of $1,344.42. 

Ripple (XRP) is making headlines in the cryptocurrency market due to its remarkable climb. The troubled cryptocurrency has risen by approximately 50% in the previous seven days alone reaching a price of $0.542.

It is to be seen how the cryptocurrencies will perform in the near future with a glimpse of hope shown by today`s price technical analysis. A rebound above these prices could see a bullish run ahead and a greener future overall.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer