Digital assets are seeing some recovery today on May 29, as cryptocurrency bulls are attempting to press market prices higher. Cryptocurrency values dropped pretty low this weekend once again after being unable to hold steady earlier last week. Bitcoin Cash (BCH) weighted price values are averaging $975-986 at press time, gaining 5.3 percent over the past 24-hours. Bitcoin Core (BTC) values are around $7,420-7,460 per coin, and have seen an increase of around 2.4 percent during today’s trading sessions.
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Crypto-Markets Rally Back on Tuesday, May 29 — But Will the Gains Be Short-Lived?
Today we’re seeing a bit of a minor cryptocurrency rally after prices dipped to significant lows yesterday across the board. There’s definitely been a slight surge in purchasing as on-balance-volumes (OBV) showed a great divergence towards lower levels yesterday. At the moment the entire cryptocurrency market is hovering around $323 billion USD and 24-hour volume is around $17.6 billion. This shows that over the last 30 days the entire cryptocurrency economy has lost $106 billion USD in value. The May 29 minor recovery taking place today is testing major resistance across most digital asset market action, and the next day or so will decide where market values are headed.
BTC Market Action
Bitcoin Core (BTC) markets are showing a bit of a comeback this Monday morning gaining around 2.4 percent. 24-hour trade volume has increased to $5.4Bn since our last markets update which has helped push the current rally. The top exchanges today swapping the most BTC are Binance, Okex, Bitfinex, Huobi, and Bitflyer. The Japanese yen commands the top position today traded with BTC capturing 53.9 percent. This is followed by other pairs
