Currently, the total market cap of the crypto universe is 180 billion USD, with a 24h volume of 54.3 billion, and BTC fominance of 69.6% according to coinmarketcap.com.
Bitcoin has a market cap of 180.7 billion USD and trades around 10,082 USD on Coinbase after the continuation of a retracement in the past hours as prices look to break below the 10k area and potentially find some support around the 9.8k USD level, which reversed prices several times in the past months. If prices break below, we can expect to see a move towards the current multi-month support zone of 9.2-9.4k USD which, if broken, would be a very bearish indication. Alternatively, if prices are supported around 9.8k USD, we could see a continuation to the upside by the end of week - a break back above the 100-period moving average would serve as confirmation.
Ethereum currently has a market cap of 19.33 billion and trades at 179.5 USD on Coinbase as prices briefly reached 175.5 USD and reversed back to the consolidation range around the 178-184 USD region. Additionally, as prices look to catch up with the 200-period moving average (seen as the green line on the chart below) before most likely continuing to the downside. The next target for a bearish move would likely be the 157.5 USD support, with additional smaller targets seen around the 171 and 165 USD levels, as the overall trend remains very bearish.
Ripple currently has a market cap of 11 billion and is trading around 0.26 USD on Binance as prices start to trade towards the previous low. A break below the 0.25 USD support level would be a good indication that we are headed lower in the upcoming weeks, and could be used as a potential short opportunity. The next target to the downside where the next major support will likely be found can be seen around 0.225 USD, with additional support levels around 0.24 USD and 0.25 USD.
Litecoin has a market cap of 4.48 billion USD and currently trades around 70.86 USD on Binance after prices continued to consolidate above the 70 USD support/resistance level. The 200 period moving average (seen as the green line on the chart below) has almost caught up with the current price action and will likely offer additional resistance in the upcoming hours as we wait for a clear breakout below 70 USD. In the meantime, the overall trend remains quite bearish. The next target to the downside can be seen at the 58 USD support with additional support levels around the 64 USD and 62 USD levels.
Binance coin has a market cap of 3.35 billion USD and trades around 21.56 USD on Binance after bearish momentum for the past 24 hours slowly picked up. The previous low of 21 USD seems to have been rejected for now, so we will likely see a minor reversal to the upside once again as prices prepare to break below the 21 USD support and ultimately go for the 18.5 USD support by the end of the month. An additional minor support target can be seen around 20.1 USD.