While the market is overall trading sideways, most of the top 20 coins are in the red at press time. The total crypto market cap is slowly correcting higher towards the $128.0B resistance level.
The top 20 cryptocurrencies saw mixed signals while the crypto markets lost more than $2 billion in terms of total market capitalization.
The largest cryptocurrency, Bitcoin (BTC), came down by around 1 percent over the past 24 hours, trading at $3,847 currently. Following major losses on Feb. 24, the top cryptocurrency is down by over 3 percent over the past 7 days.
The top altcoin, Ethereum (ETH) came down around 3 percent over the day, also seeing a significant decline over the past 7 days. ETH is trading at about $137 currently, Ethereum is down by more than 7 percent over the past 7 days, after the coin hit $165 on Feb. 23.
Ripple (XRP), the third top cryptocurrency by market cap, in contrast to ETH and BTC, saw slight gains of less than one percent over the past 24 hours, trading at $0.32 currently. However, Ripple has also been seeing a decline over the past 7 days, down about 4 percent after peaking at $0.342 earlier this week, hitting as high as $0.338 just yesterday, Feb. 25.
The Craig Wright-supported hard fork of Bitcoin Cash (BCH), Bitcoin SV (BSV), saw the most growth over the past 24 hours among the top 20 coins by market cap. BSV jumped almost 7 percent on the day, while weekly gains amount to almost 8 percent currently.
On the other hand, the fourth top coin Eos (EOS) saw the biggest losses among the top 20 cryptos, down around 6.5 percent over the past 24 hours, which is almost equal to the coin’s losses over the past 7 days.
After hitting $132.7 billion yesterday, the total market capitalization of all cryptos has declined to $130.3 billion at press time, while daily trade volume has also fallen to around $28 billion from yesterday’s almost $33 billion.
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