Latest Tech News: Cryptocurrency market update: Bitcoin drifting lower; IOTA beats the market – FXStreet

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Latest Tech News: Cryptocurrency market update: Bitcoin drifting lower; IOTA beats the market – FXStreet

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Latest Tech News: Thanks for following this author!At the start of each trading session, you will receive an email with the author’s new posts. You’ve unfollowed this author.You won’t receive any more email notifications from this author. Tanya Abrosimova FXStreet BTC/USD is range-bound with a bearish bias on Wednesday. Altcoins are a mixed picture with IOTA showing strong gains. The cryptocurrency market is a mixed picture in Asia as Bitcoin and significant altcoin continue oscillating within the recent ranges. The total capitalization of all digital assets in circulation increased marginally to $274 billion from $273 this time on Tuesday, while an average daily trading volume dropped to $84 billion amid slow market activity Top-3 coins price overview At the time of writing, BTC/USD is changing hands at $8,660, down 0.7% since the beginning of Wednesday and -1.4% on a day-to-day basis.  The largest digital asset hit a new 2019 high on Monday and has been range-bound with bearish bias ever since. Ethereum, the second largest digital asset with the current market capitalization of $28.5 billion, is also drifting lower on Wednesday. The coin has lost over 1% to trade at $268.00 by press time. Ripple’s XRP attempted a recovery towards $0.4500, but failed to keep the ground and slipped below $0.4400 by the time of writing. The coin is nearly 2% higher from this time on

Tuesday, and down 2.5% from the beginning of the Asian session on Wednesday. The biggest market-movers IOTA (IOT) is the growth leader today, with over 8.8% of day-on-day gains. The coin takes the 15th place in the global cryptocurrency market rating with the current market capitalization of $1.3 billion. At the time of writing, IOT/USD is changing hands at $0.47. Read more about IOTA’s recent price movements. TRON (TRX) is the biggest loser. The coin is down nearly 7% since this time on Tuesday The 10th largest cryptocurrency is changing hands at $0.0335. Despite the decline, TRON is still 14% higher on a week-on-week basis. BEST BROKERS TO TRADE CRYPTO
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