The bulls and the bears were seen fighting in the crypto market as a few currencies were seen bleeding while the others were enjoying their stay amidst greenery. Just when the global crypto market cap was on its way to hit $400 billion, it depleted down to $360.84 billion with a 0.16% daily decrease. Bitcoin’s journey to $12K was interrupted as the king coin was seen at $11,392.19, during the time of writing.
Bitcoin SV [BSV]
Even though Craig Wright’s case took a downturn the price of BSV seems to be unaffected. The eleventh largest coin was trading at $170.46 while its market cap remained still at $3 billion. Over the last seven days, BSV garnered gains up to 4.03% while the coin’s daily increase was only 0.21%.
The bulls were seen getting comfortable in the BSV market. Earlier today the MACD line took over the signal line and formed a bullish crossover. A bearish crossover had been hindering the growth of BSV. The Klinger Oscillator was also bringing in optimism into the BSV market with a bearish crossover.
Chainlink [LINK]
After rising over 23.58% over the last seven days, LINK was seen dipping down for the last 24-hours. The altcoin was trading for $10.81, during the time of writing while its market cap was recorded at $4 billion.
The fight between the bears and the bulls was noticed in the LINK market as the key indicators were exhibiting conflicting evaluations. Dotted lines were formed over the candlesticks eliminating the possibility of an upward breakout. This variety of formation often depicts a bearish sentiment in the market. The Awesome Oscillator indicator, however, formed green closing bars intimating the chances of bulls in the LINK market.
Monero [XMR]
Privacy coin XMR has been was one of the top gaining coins as it had incurred gains up to 17.13% over the week. At press time, XMR was trading at $128.79 while its 24-hour price change was at a negative 1.4%. The privacy coin recently surpassed TRX in terms of market cap and stood as the fifteenth largest coin with a market cap of $2 billion.
It seemed like Monero was packing for a journey downhill as the bears were sitting still in the XMR market. The Chaikin Money Flow [CMF] indicator was exhibiting bearish sentiment as the CMF marker was way below zero. The Relative Strength Index indicator was pointing out a neutral sensibility in the XMR market.
