Price Analysis 22/05

It was an average trading day for the Crypto market with many assests holding a steady price with a little sway here and there. There is just a little gain and loss of not more than 2% + and – for the top 10 assets. Other coins enjoyed a nice trading day though; most notable one being BSV

Top 10 Assets

Bitcoin traded around $7,950 all day and was a little shy of breaking the $8,000 mark, Analyst have predicted this to be a sign of a possible run nailing the $8,000 support and moving off to $10,000, this is came after the previous run up to the current price and the present price just a sign of rest.

Ethereum, XRP, Bitcoin Cash, EOS and Litecoin all followed Bitcoin in trading on a moderate range through the day, while ETH and EOS saw less than 1% gain, the rest traded sideways in that manner with only Bitcoin Cash falling close to 2%

Binance Coin seem the best performing of the day posting a cumulative gain of around 2% ($31.7) and seem to have been hindered by the performance of other top 10 coins. USDT, Stellar and Cardano join BNB to complete the list.

credit: CMC

BSV is charging from behind and pressing to find its way back to the top 10 with a bright trading day that saw it went up to $118. This came as a surprise owning to the reduction in support for the coin and a massive de-list which removed it from Binance. Other source have it that the price surge may be due to the Bitcoin Whitepaper Copyright news.

Other notable surge include Chainlink – $1.37 (21%) and DigiByte – $0.015 (17%).

credit: CMC
credit: Coinlib

Top Losers

Matic Network, Arcblock, Newton have all posted a massive loss for the day.

credit: CMC
credit: Coinlib

Author: CoinTick Editorial

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