Cryptocurrencies are relatively low across the board today in lockstep with the global financial markets as risk off tone takes toll.
Bitcoin has been hovering around $45,000, with overall drift and modest trading volume in the past 24 hours.
The current pullback is happening on the back of a relative pickup in risk aversion and underlying market sentiment.
It is important to note that the range in price swings at the moment shows any possible pullback would likely be limited in the magnitude.
At the same time, upward traction is also capped by subdued buy orders indicates further market-wide losses shouldn’t be ruled out if bulls can’t take the control to push higher. The next psychological level is US $50,000 level for bitcoin to open further advances.
Top 10 cryptos by market cap are all down (23:19 AEST)
|Binance Coin (BNB)||$398||-7.4||$66.9B|
Top 10 best performing cryptos
|NOW Token (NOW)||$0.07||44.5||$0.005B|
|Ontology gas (ONG)||$0.7||6.9||$0.19B|