The cryptocurrency market is a mixed picture ahead of the US opening. Bitcoin and major altcoins attempted to recover from the recent lows during early Asian hours; however, the upside momentum failed to gain traction and left the coins consolidate losses with bearish bias. The total market capitalization of all digital assets in circulation decreased to $255 billion; an average daily trading volumesettled at $60 billion, while Bitcoin's market dominance edged higher to 68.5%.<\/p>\n
EOS announced its first hard fork and implemented a series of major updates; Several exchanges including Binance and Huobi announced the support for the fork. However, the coin failed to react to the positive news<\/p>\n
Read more: EOS in retread after the first hard fork implemented on the network<\/p>\n
At the time of writing, BTC\/USD is hovering around $9,700. The first digital coin has lost over 2% of its value in recent 24 hours and stayed mostly unchanged since the beginning of the day.<\/p>\n
Ethereum, the second-largest digital asset with the current market capitalization of $21.3 billion has stayed under pressure. The coin has lost nearly 6% in recent 24 hours and slipped below $200.00 to trade at $196.00 by press time. ETH\/USD has recovered from the recent low of $194.60.<\/p>\n
Ripple's XRP settled below $0.2700, close to the intraday low registered at $0.2637. The third largest coin with the market value of $11.5 billion has lost 2% in recent 24 hours and stayed unchanged since the beginning of the day.<\/p>\n
<\/p>\n
Originally posted here: <\/p>\n
The cryptocurrency market update: Bitcoin consolidates losses, altcoins explore the red territory - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The cryptocurrency market is a mixed picture ahead of the US opening. Bitcoin and major altcoins attempted to recover from the recent lows during early Asian hours; however, the upside momentum failed to gain traction and left the coins consolidate losses with bearish bias. The total market capitalization of all digital assets in circulation decreased to $255 billion; an average daily trading volumesettled at $60 billion, while Bitcoin's market dominance edged higher to 68.5% Continue reading