This past week’s action has seen most leading markets produce little volatility, with the cryptocurrency meta-trend appearing to comprise consolidation while traders wait to see whether BTC can break above $4,000 for the third time in 2019. However, among the top 10 crypto assets by market cap, LTC, XLM, and BNB have been able to defy the meta-trend to produce seven-day gains of approximately 20% or higher.
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Leading Markets Post Slight Weekly Gains as BTC Tests Resistance at $4,000
Most top crypto assets have produced sideways consolidation this past week, with most of the top 15 cryptocurrencies by market cap posting a gain of between 3% and 5% for the past seven days.
As of this writing, bitcoin core (BTC) is trading for $4,000 on Bitfinex and $3,900 on Bitstamp, with traders anxiously awaiting to see whether BTC can break resistance to trade above $4,000 for the third time this year. BTC is up 3.76% in seven days. Approximately $9.6…