Crypto traders are waiting for a breakthrough in the market

[Paha87]

Cryptocurrency prices have consolidated over the past two weeks, occasionally marking UPS and downs, but have remained fairly stable in recent days. The total market capitalization of all 1900 + cryptocurrencies is estimated at $ 221 billion, with trading turnover in the crypto market for the last 24 hours is almost $12 billion.

Traders who trade digital assets are patiently waiting for prices to break through in any direction, but it is safe to say that many are waiting for prices to drop. Today, just before the weekend, the volume of trade cryptocurrencies has grown worldwide, and the prices are 2-3% variation.

Bitcoin (BTC) fluctuates around $ 6'596 at the time of publication with a total market capitalization of $ 114 billion. BTC is the largest traded coin by trading volume, as BTC markets record daily trades worth $ 3.8 billion.

The second cryptocurrency by capitalization — Ethereum (ETH) — is estimated at $22.9 billion and the price is $ 224 per token. Ripple (XRP) is trading at $ 0.53, and the network's valuation is very close to Ethereum's market capitalization, and remains at $ 21.3 billion. EOS markets are up 3.5 percent today as the token is exchanged at $5.75.


Of course, there are many analysts who believe that cryptocurrency prices will once again become optimistic this year, and some even believe that BTC may return to the $20'000 mark per coin again, but not everyone is so optimistic.

This week, speaking on CNBC, CEO of investment crypto-company Galaxy Digital Mike Novogratz said, "I don't think this year bitcoin will punch 9'000 dollars." During an interview this week, cryptocurrency analyst Nikola Lazic also predicted a decline in prices:

I expect a break down, because the horizontal support is already broken, the support of the red triangle was broken in the past, when the price found support for the upward trend line of the symmetrical triangle. If this last support is broken, we will definitely see a lower low that will be below $5'767.

Given the polarity of opinions, the only thing that can be said confidently — the crypto market is consolidating, and traders are just waiting for the next surge or fall in price depending on what they are betting on. It is safe to say that enthusiasts and traders are still not sure where the market will be during the last quarter of the year.

Link to the source of information (Russian) - https://altstake.io/news/kriptotreydery-ghdut-proryv-na-rynke