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Transcript:
0:00:00 Crypto Market Wrap: Is a Red Monday About to Intensify?
0:00:04 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".
0:00:10 Crypto market consolidation continues Monday; XRP, BSV and ATOM still climbing, EOS and Tron falling back.
0:00:18 The weekend has seen gains on crypto markets as another correction gets quashed.
0:00:23 Friday’s big $25 billion dump did not extend into the weekend and things started to recover pretty quickly.
0:00:30 Total market capitalization climbed above $270 billion again and the longer term uptrend is still going strong.
0:00:37 Bitcoin reached an intraday high late Sunday when it made it just above $8,800. Since then BTC retreated to $8,700 where it has spent most of the past day.
0:00:49 A fall back to $8,600 has left it level on the day as the prospects of further losses mount.
0:00:56 Ethereum has remained flat on the day with virtually no movement.
0:00:60 ETH is just under $270 at the time of writing and is likely to mimic whatever Bitcoin does in the next few hours, a move back to support at $250 is looking more likely.
0:01:11 There are only a couple of altcoins moving in the top ten at the time of writing.
0:01:15 XRP has lifted itself up 4 percent or so to reach $0.448 and Bitcoin SV appears to be having another manipulated pump as it surges 17 percent.
0:01:26 BSV is currently at $218 but considering how it got there leaves little confidence in this one.
0:01:33 Not a lot is going on with the rest of them aside from EOS which has dumped 5 percent failing to get any fomo from the weekend B1 event.
0:01:41 The top twenty also only has a couple of coins on the move.
0:01:45 Cosmos is one of them as ATOM gets an 11 percent spike and Ethereum Classic is the other as it makes around 4 percent.
0:01:52 Tron is following EOS and losing 5 percent but the rest are pretty flat on the day.
0:01:57 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.
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