The top cryptocurrencies are slowly recovering from their Q4 lows from the previous year. The overall market cap has grown 37 percent since bottoming out at $100 billion on December 15. Volume has also reached its highest peak in 15 days. Tron (TRX) is the undisputed winner of the week, having gained over 40 percent in value. Other great performers include Cardano (ADA), VeChain (VET), and Litecoin (LTC).
Bitcoin (BTC) is still testing its resistance, while Tron (TRX) and Cardano (ADA) have performed well this week. However, many of the top cryptocurrencies fell into the red just a few hours ago.
Will Bitcoin move soon?
BTC has been trading sideways – between $4,000 and $4,100 – over the past four days. The market remains undecided, and traders are expecting a move up or down soon. A break down would probably see the market testing lows again, while a break up would suggest a a new rally. Nevertheless, the advance toward the neckline of thepattern is bullish. BTC is currently trading at $4,024. Its mining hash rate has grown nine percent since January 3.
TRX, ADA, VET, and LTC performing well this week
Litecoin (LTC) was one of the biggest winners of the week, having gained 20 percent since January 3. However, it lost 3.39% today and is now trading at $39.
However, Tron (TRX) led the charge, having gained 40 percent in the past week. TRX rose seven percent today and is currently trading at $0.028.
Cardano (ADA) gained 18.6% in value over the past seven days. It’s currently trading at $0.051, with a daily gain of 5.46%.
VeChain (VET) gained 4.24% today and is now priced at $0.0045. Its weekly gain was 10%.