The common coins of the block chain market experience pressure as crypto prices dip in today’s trading. Despite the recent losses, the outlook remains positive for the bitcoin and the altcoins. The market capitalization remained at a high level and more people traded for today session.
Investor Wait and See as Bitcoin Price Fluctuation Keep Investors Wary
Among the coins, Bitcoin prices dip slightly with a one percent loss. This pushed their prices to fall to below $5300 at a price of $5273 after 1 day of trading. The bitcoin will encounter a strong resistance point at $5300. The past few days have seen bitcoin prices dip and rise in the last few days pushing investors to have a wait and see approach for the crypto’s main coin.
Some of the Major Crypto Market Movers
The Ontology Token or ONT was one of the coins that suffered the most losses among the top 20 coins of the Cryptocurrency market. The ONT lost 8% to fall to $1.2. The losses leave the coin in the top 20 of the market.
The Litecoin, which is the sixth largest crypto, fell 6.3 from Sunday. The price of the Litecoin settled at around $76.33 as of this article’s writing.
The Ethereum dropped below $170 to trade at $169.72. Te selling pressure has pushed the ETH down 2.3% The coin however is oversold which makes it a prime candidate for a bounce back when it recovers.
Despite Losses Crypto Market Remains Strong
Despite the losses, the volume remained unchanged. Total capitalization of assets remained steady at $177 billion, relative unchanged. Furthermore, the cryptomarket enjoyed a slight bump in its average daily trading volume, moving from $41 billion on Friday to $45.5 Billion in today’s trading. The increased volume and constant market cap suggest that more investors are trading in the crypto and remain in the market despite recent losses. It suggest further that there is a healthy number of investors who trust in the crypto market.