Bitcoin fails to break $11,400, most Altcoins consolidating

23 Jun, 2019
by David Borman
Price Action
Bitcoin fails to break $11,400, most Altcoins consolidating

The market saw a nice push upward today, but much of the gains could not be held onto. Across the market many coins are showing signs of consolidation, though a few stand out above or below.

Coin Market Capitalization/Bitcoin Dominance

Right now the market cap is sitting at $327,849,103,793, down from a spike today up to $336 billion. Bitcoin dominance is still going strong, right now we're sitting at 59.1%.

Current price of Bitcoin: $10,903.20. 

BTC/USD Chart provided by Tradingview.

Top 10

Looking at the major market movers, we can see that while Bitcoin is still dominating the top 10, Ethereum (ETH) isn't far behind with 1.29% upside to $310.04. In third we have Stellar (XLM) showing a modest 0.64% growth to $0.129. All was not green however, and hardest hit right now in the top 10 is Litecoin (LTC), slipping -2.54% to $137.43, followed by Binance Coin (BNB) with a -1.71% downturn to $37.32.

Biggest Winners/Losers

Moving to the bigger picture, overall best performance today goes to Lambda (LAMB) which rose 46.54% to $0.158, and not far behind was GRIN, with upside of 41.48% to $7.56. As for today's losses, ABBC Coin (ABBC) slipped -13.77% to $0.223 and Insight Chain (INB) dropped -8.55% to $0.406.

Will this consolidation give the market a strong base to launch higher next week? Or are we about to see more downside action? Stick right here with Chepicap for all updates!

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