On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in digital asset swaps in the last day.

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Top Cryptocurrencies Gain 5-10%

A number of digital assets on Monday saw considerable spikes in fiat value as BTC jumped from the $7,400 range to the $7,900 zone in a matter of no time. Today most cryptos have lost a small fraction of the value they gained the day before as only four out of the top 10 coins are seeing percentage gains on Tuesday morning. At press time the overall market valuation of all 4,000+ cryptocurrencies is around $209 billion. BTC is capturing 68% of the cryptoconomy with a $142 billion market cap. Currently, BTC is trading for $7,868 per coin and the crypto is up…

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Source: https://news.bitcoin.com/market-update-top-cryptos-face-strong-resistance-ahead/