RATE Group | Cryptocurrencies finding sellers after Saturday’s upward movement
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Cryptocurrencies finding sellers after Saturday’s upward movement

20 Apr Cryptocurrencies finding sellers after Saturday’s upward movement

Posted at 11:49h in Cryptocurrency News by

Cryptocurrencies continue retracing after Ethereum (0.98%), and Bitcoin (0.33%) found sellers at critical levels. The most bearish are BitcoinSV (-2.84%), EOS(-2.29%) and ATOM(-3.23%), whereas the most bullish is ZCASH (+8%) and Monero (+3.51%).

The Ethereum-based tokens are following the market retracement, although QNT (+10.26%), SNT(+9.49%), BHT(+18.3%) and, notably, NMR (+57.47%) move quite bullish. 

coin

Fig 1 – Crypto Sector Heat Map

The Crypto market cap has dropped from the last $209.19 billion top and is currently at $204.112 billion. But we still consider the market moving in an upward trend, as seen in figure 2, because the upward channel is still held. The 24H volume is currently $34.944 billion. It is slightly below the volume seen in the last week, but it is still influenced by Sunday’s low volume.  In the previous sessions, Bitcoin has losing steam against other cryptos, especially Ethereum. Thant’s why we see a slight drop in its dominance,…

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