ZEC is next in line in terms of daily gains.
Most larger-capitalization altcoins are slightly in the green, but still unable to break out of the recent nosedive. ZEC has emerged as the biggest winner here, while the midcaps have CC as the daily winner.
BTC stopped at $88K
The chart below clearly shows BTC’s choppy market movements lately. The cryptocurrency went through a volatile period last week as it fell from $90,000 to $85,500, then rebounded to $90,000 before falling to a local low of $84,400, even though US CPI numbers for November were much better than expected.
The bull finally took action at this point and prevented another setback. Bitcoin went on the attack over the next few hours, but was stopped at $89,000. It traded sideways around $88,000 for most of the weekend, but started climbing again on Monday. This time it peaked above $90,400, but that was another failed attempt to regain that level.
It quickly lost some traction and fell to $86,400 yesterday. The subsequent recovery took BTC to $88,000 earlier this morning, but it was unable to continue and is now $500 away from that target.
Market cap remains below $1.750 trillion on CG, while dominance over alts stands at 57.5%.
CC on the run
Ethereum has defended the USD 2,900 level, while BNB still remains inches above USD 840. XRP has fallen below the USD 1.90 support, which could spell further trouble for the asset, but it is now slightly in the green. SOL, ADA, BCH, LINK and XMR also posted small gains.
ZEC has proven to be the best performer among the larger alts, rising more than 9% to almost $450. CC has taken over the main stage of the top 100 alts and is up 17% to well above $0.10. TAO is up 7% since yesterday.
The total crypto market cap has added approximately $20 billion per day and has risen to $3.040 trillion on CG.
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