The bears were still residing in the crypto market as the carnage was seen prolonging. However, Bitcoin moved out of the red zone as it was trading at $13,342.95 and was surging by 1.93% over the last 24-hours. The market cap had depleted down to $389.09 billion and Bitcoin was dominating the scene by 63.3%.
Bitcoin Cash [BCH]
BCH contributed to the carnage by dropping over 5.15% in the last seven days. The altcoin was trading for $258.23 and witnessed a 1.59% slump in the last day. The coin was in the fifth position with its market cap at $4.79 billion.
Looks like BCH was going to continue to add to the carnage as the short time price chart of BCH shouted bears. The Parabolic SAR indicator formed dotted lines above the candlesticks highlighting the presence of bears in the BCH market. The Awesome Oscillator formed red closing bars and acknowledged the bear take over.
Cardano [ADA]
ADA had dipped down to the tenth position with a market cap of $2.89 billion. The coin was priced for $0.0929 with a 5.07% drop in the last 24-hours. The week didn’t seem to be eventful for the coin as it had dropped down by over 15% in the last seven days.
The ADA market was anticipating good days ahead as the bulls had come to rescue the altcoin from the bear entrapment. The MACD line had crept up the signal line forming a bullish crossover. The Klinger Oscillator also underwent a bullish crossover and welcomed the bulls into the ADA market.
Chainlink [LINK]
The fairly new coin climbed back into the sixth position as its market cap flew up to $4.27 billion. LINK was trading at $10.96, during the time of writing. After delivering exceptional performance in the Q1 and Q2 of 2020, the altcoin began witnessing a dip of 3.19% over the last 24-hours.
The Relative Strength Index [RSI] indicator was still below 50 median and was seen trying to rise up to the buyers’ level. However, the current sentiment of the LINK market was a sellers’ notion. The Chaikin Money Flow indicator cited bullish presence as the marker was seen rising above zero.