From yesterday low at around $125B the evaluation of the cryptocurrency market cap has been increasing and is currently still in the upward trajectory sitting at around $131,2B level.
Looking at the global chart you can see that the evaluation is back to the vicinity of yesterday’s high and has managed to go a bit further up but has encountered resistance there which is why it has been stopped out.
Will this be a temporary stop before we see further market gains or was the increase correctional before further downside?
To answer this question we are going to further examine what are the charts of the major cryptos saying today.
The market is in green with an average percentage of change among top 100 coins in the last 24 hours ranging from 2-6%. The biggest gainers today are in double digits like EOS with an increase of 12%, Litecoin by 14 and Binance coin by 18%.
Bitcoin’s market dominance has been hovering around the same levels but has started decreasing today and is currently again below the 52% level.