Market showing some stability after recent upswing, can it continue?

02 Dec, 2018
by David Borman
Price Action
Market showing some stability after recent upswing, can it continue?

After a nice rally today which saw Bitcoin get back above $4,000, the market seems to have found some stability around current levels. If it can hold, perhaps we can see a further push back to the levels before the crash.

Coin Market Capitalization/Bitcoin Dominance

At present, the market cap sits at $137,120,332,587, up close to $10 billion over the last day. Bitcoin dominance is still strong, coming in around 53.8%.

Current price of Bitcoin: $4,239.17.

Top 10

Of the top 10 coins, all are in the green with the strongest leaders being Cardano (ADA, +8.23%, $0.042) and Litecoin (LTC, +8.00%, $34.60). Even the weakest performer, Bitcoin Cash (BCH), came in at +1.14% to $173.66.

Biggest Winners/Losers

Highest gains today were seen in a pump of FREE Coin, rising 21.97% to $0.000016, followed by NXT up 19.97% to $0.038. Only three coins are currently in the red, and they are Theta Token (THETA, -7.18%, $0.077), Metaverse ETP (ETP, -3.16%, $0.99), and Insight Chain (INB, -0.14%, $0.292).

With any luck the gains we have seen will hold. Having found some decent sideways action is a good start, but the next 24 hours will be pretty important. As always, stay right here with Chepicap for all your price action news!

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