The altcoins are trading in their respective bull markets. Nonetheless, as the coins reached the overbought regions, there was a change in the trend. The cryptos resumed trading in a sideways trend. A rebound or breakout is possible at the overbought regions which will propel the coins to resume the uptrend.
Today, the below-listed altcoins are experiencing a downward move after a breakdown. Bitcoin fails to breach the psychological level of $10,000. Consequent upon that the king coin crashed to $8,000. The market is making an upward correction. The altcoins listed below are equally affected by the downtrend.
On May 4th, Bitcoin declined slightly from the previous day, recording around $8,700 at various exchanges including Upbit, Binance, BitMEX and Bithumb. Nevertheless, it is relatively stable these days with only insignificant fluctuations.
The cryptocurrency market is showing an overall upward trend on April 26. Six of the top 10 cryptocurrencies by market cap surged, and four are lighting red indicating a fall. Bitcoin (BTC) aims to touch the $8,000 mark.
All the top 30 top cryptocurrencies are lighting red indicating a sharp decline in the altcoin market, and this is not good news to the digital currency community. Only 7 cryptocurrencies out of 100 tokens are in green. Bitcoin (BTC) is struggling to hit and surpass the $7,000 mark.
The cryptocurrencies are still grappling with the bear markets. The altcoins have all exhausted selling pressure but the bulls lack buying power to come out of the downtrend. The coins are in a downward correction.
The cryptocurrencies are in bear markets. The altcoins have all exhausted selling pressure and are in downward corrections. The bulls are making concerted efforts to push the price to the uptrend zone.