The crypto market has enjoyed a largely positive movement since the start of the year. Led by leading coin Bitcoin, there had been an upsurge, however the weekend saw the market enter a mini bearish period.
Bitcoin dropped below $10,000 and the total market cap suffered a dip. However the last 24 hours has recorded a positive sentiment in the market.
The crypto market is green with several coins making decent gains. Tezos (XTZ), Ethereum (ETH) and Bitcoin SV (BSV) were among the coins to make decent gains within the top 10 coins.
Tezos continues its impressive Bullish run
Tezos (XTZ) has been a major surprise in the past few weeks. The cryptocurrency moved into the top 10 largest coin based on market cap and has consolidated it’s place on the list.
Despite some criticisms within the crypto community regarding the lack of innovation within Tezos, investors appear to have trust in the coin.
Looking at the current market trend Tezos is valued at $3.17 per unit. It has gained 11.72% on the USD in the last 24 hours.
The next resistance point for XTZ is $3.50, but a decline in price could see the coin drop to support levels of $2.70.
Ethereum consolidating its recent gains.
Ethereum appeared to be moving bearish with the coin losing around 6.5% yesterday. However the last 24 hours has since the leading altcoins, rebound in price. As of the time of writing, Ethereum has enjoyed a positive gain of 6.07%.
ETH is valued at 263.68 per unit and looks to be on the rise. If the bullish run continues ETH could hit $300 before the end of the month.
A fall in price would see the coin fall to its next support levels of around $250.
Bitcoin SV has been on the rise in recent weeks alongside Bitcoin and Bitcoin Cash.
The platform which has inked several partnerships in weeks appears to be on the up. It is currently priced at $294.68 with a market gain of $7.27 in the last 24 hours.
The blockchain project has had fears about it in recent days with Wikipedia founder Jimmy Wales recently debunking news that he supported the coin.
Despite this, the general market sentiment is positive and Bitcoin SV could hit $300 in the coming days.
