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The crypto markets are sluggish on Sunday, Tron wins two places, the NBB is strong, BCH falls back under EOS.
The monotony of the market continues and things are still flat in the crypto country on this slow Sunday. None of the major cryptocurrencies have moved since yesterday, so the total market capitalization has dwindled to around $ 120 billion throughout the week.
Bitcoin showed a glimmer of hope when it hit an intraday high of $ 3,650 but quickly fell under this strong resistance barrier where it is currently trading. Since the dump last Sunday, BTC has very little managed to remain stuck at $ 3,600 for a week.
Ethereum fell again by nearly 1% to $ 115 and XRP did the same by dragging it below $ 0.32. As for Bitcoin, these two movements have not moved since last week, as they weaken gradually in anticipation of further losses.
A dump of 2% by Bitcoin Cash allowed EOS to place it in fourth position by not moving. Tether climbed to sixth place by doing nothing, but today's big engine is Tron, which has doubled Litecoin and Stellar with a 12% pump. TRX is now in seventh place with $ 0.030, with daily volume rising from $ 200 million to $ 350 million. The imminent launch of the sale of BTT chips tomorrow and a boost from Weiss Ratings have allowed Tron to take precedence over LTC and XLM at the time of writing this article.
We could give #TRON a hard time from time to time, but give credit when credit is due: #TRXUSD is the most bullish chart of all the top 10 projects at the moment. The popularity of this project can not be denied. #BTC #altcoins #bitcoin #crypto #cryptocurrency
– Weiss Ratings (@WeissRatings) January 25, 2019
In the top twenty, only the Binance Coin evolves, with 4% increase, while it insinuates Cardano eleventh. All others fell, with Nem and Neo losing more than 2% each.
Holo is today the top 100 best performance with a 17% fomo player. Tron is second and these are the only two altcoins to achieve double-digit earnings at the time of writing. Loopring and Augur both drop by about 8%, but there is no major garbage dump at this time.
The total market capitalization has had a slight momentum, but has declined further in the last 24 hours. It is currently $ 119 billion and still looks very weak, with enormous resistance against Bitcoin and his brothers. Since Sunday's $ 5 billion downtrend has not consolidated at this level, boredom continues.
Market Wrap is a section that examines daily the top 20 cryptocurrencies during the current session and badyzes the best performers, looking for trends and possible fundamentals.
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