{"id":34855,"date":"2019-10-31T03:47:55","date_gmt":"2019-10-31T07:47:55","guid":{"rendered":"https:\/\/www.opensource.im\/uncategorized\/the-cryptocurrency-market-tries-to-get-back-on-recovery-track-fxstreet.php"},"modified":"2019-10-31T03:47:55","modified_gmt":"2019-10-31T07:47:55","slug":"the-cryptocurrency-market-tries-to-get-back-on-recovery-track-fxstreet","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/cryptocurrency\/the-cryptocurrency-market-tries-to-get-back-on-recovery-track-fxstreet.php","title":{"rendered":"The cryptocurrency market tries to get back on recovery track &#8211; FXStreet"},"content":{"rendered":"<p><p>The cryptocurrency market is recovering after a sell-off during late New York hours on Monday. At the time of writing, Bitcoin and all major altcoins are in a green zone since the beginning of the day, though the majority of coins are still nursing losses on a day-to-day basis. The total cryptocurrency market capitalization is registered at $249 billion from $253 billion the day before; an average daily trading volume decreased to $97 billion from $116 this time on Sunday; Bitcoin's market share decreased to 67.7%.<\/p>\n<p>BTC\/USD bottomed at $9,187 during late trading hours on Monday before retreating to $9,400 by the time of writing. Despite the recovery, the first digital coin is still down 3% from this time on Monday, moving within a short-term bearish trend amid decreasing volatility. Notably, the upper line of the Bollinger Band on a daily chart ($9,500) limits BTC\/USD recovery. However, the ulimate resistance is located above $9,600 and created by SMA100 (Simple Moving Average) on a daily chart.Ethereum, the second-largest digital asset with the current market capitalization of $20 billion, has stayed mostly unchanged both on a day-to-day basis and gained 1.6% since the beginning of Monday. At the time of writing, ETH\/USD is changing hands at $185.00, off the recent low of $181.08 touched on Monday. Looking technically, ETH\/USD is well-positioned to continue the recovery as long as it stays above $180.00. The next bullish target of $190.00 is created by SMA100 daily.Ripples XRP failed to hold thee ground above $0.3000 and retreated to $0.2970 by the time of writing. The third digital coin with the current market value of $12.8 has lost 1% of its value on a day-to-day basis, while a failure to stay above $0.3000 worsened the short-term technical picture and pushed the price inside the previous range.<\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Read more:<br \/>\n<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/the-cryptocurrency-market-tries-to-get-back-on-recovery-track-201910290554\" title=\"The cryptocurrency market tries to get back on recovery track - FXStreet\" rel=\"noopener noreferrer\">The cryptocurrency market tries to get back on recovery track - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The cryptocurrency market is recovering after a sell-off during late New York hours on Monday. At the time of writing, Bitcoin and all major altcoins are in a green zone since the beginning of the day, though the majority of coins are still nursing losses on a day-to-day basis<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[869],"tags":[],"class_list":["post-34855","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/34855"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=34855"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/34855\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=34855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=34855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=34855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}