Konsolidiruyutsya the stock market after extreme volatility!

[Paha87]

During Saturday's trading, a huge amount of digital assets bounced in price upwards after being under bearish pressure for the last two days.

In the last 48 hours in the cryptocurrency markets was erratic and very weak, and the whole digital economy of assets lost billions of dollars because us regulators delayed their decision regarding the exchange-traded Fund Cboe / Vaneck BTC last week. This Saturday, August 11, during the day trading sessions, cryptocurrency and price trading volumes show some slight recovery.

At the time of writing, the capitalization of the entire crypto market is estimated at 219 billion us dollars, and over the last day, digital assets were sold at 13.5 billion.. The largest cryptocurrency by capitalization, received some recovery after the decline on Saturday morning. For example, bitcoin fell to a low of $6 "062 on Saturday morning, but by the end of Saturday's session the BTC / USD market rebounded to $6'494. However, most of the coins, except BTC, lost significantly more, and the market dominance of BTC among all 1600+ capitalization crossed the 50 percent mark.

At the time of publication, the price of bitcoin (BTC) per coin is about $6'390 dollars per Bitstamp. The market value of the currency is $ 110 billion, and over the last 24 hours the trading volume is $4.6 billion.

The best trading platforms that change most BTC today include Bitflyer, Okex, Binance, Bitfinex and Coin. The largest pair in terms of trading volume with BTC is formed by Tether (USDT). The trading volume of BTC / USD is 54% of the total number of transactions. This is followed by USD (25.6%), JPY (9.7%), EUR (3.12%) and BCH (2.6%).
                                                                                           
Bitcoin Cash
The value of Bitcoin Cash (BCH) is now about 568 USD per coin, but the total market capitalization of BCH is $9,87 billion Markets BCH is the fifth largest trading volume, ahead of Ripple (XRP), but behind the EOS. Over the past 24 hours, BCH's capitalization has added $ 359 million, and the most popular exchange for BCH today is Coinex. Other top exchanges by BCH trading volume include Okex, Binance, Huobi and Hitbtc.
                                                                   
Short-term uncertainty and indecisive markets
The verdict on this weekend — the uncertainty, combined with the indecisiveness of market participants. While the decision on bitcoin-ETF is delayed, it is difficult to understand what the cryptocurrency market is waiting for in the next few weeks.

At the moment, prices show signs of consolidation, and traders are moving to open new positions. Although investors certainly hope to enter the market at a low price, many are waiting for confirmation of the change in the situation to start buying digital currencies again.

Link to the source of information (Russian) - https://altstake.io/news/kriptorynok-konsolidiruetsya-posle-silynoy-volatilynosti