Cryptocurrency markets have been fluctuating quite a bit lately, as bitcoin and a number of crypto assets have been testing new resistance levels. The market valuation of the entire crypto-economy is hovering around $360 billion as a decent portion of the top twenty digital assets have gained 1-15% in the last 24 hours.
This Week’s Crypto Market Action
A number of digital currency enthusiasts have been focused on crypto markets, as prices started rising again during the latter half of the weekend. During the early morning trading sessions on Monday, bitcoin (BTC) had jumped a hair above the $12k zone.
However, BTC/USD prices slid 4% after reaching the $12k zone to the $11,500 region. The move filled a CME Group bitcoin futures price gap which was not filled prior to the weekend. BTC quickly moved back to the $11,700 position and again bitcoin bulls are pressing toward the $12k range.
Despite BTC’s rising price toward $12k, the crypto asset’s dominance ration is still only 60.5% out of all the coins in existence (5,700+). At the…