Fears that the world’s most valued cryptocurrency could find itself farther below the $6000 vantage point has been washed away, at least for now, with Bitcoin selling for $6419 at press time. BTC dominance is at 53.2%, a slight decline following a few gains by altcoins.
Sell-off following the ETF delay has reduced and is possibly responsible for the improved market performance.
ETH On The Rebound
Ethereum is among the top 10 cryptos with the most gains even though last week’s plunge means that prices are still below $300. However, trading at $294 during press time implies that market investors expect the altcoin to break the $300 resistance and soar higher.
XLM is the only altcoin among the top ten that saw a significant loss, 2.08% at press time, with ETC now in 11th place scoring at 18% increase on the day. Ethereum Classic has reportedly been added to Coinbase exchange and a $14 price at press time could see a slight rise before the end of the day.
Total cryptocurrencies market cap now stands at USD 207 billion as the market rebound continues.