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Markets Update: Digital Assets Show Recovery After the Past Three Days of Dips

Digital asset markets are doing some healing during the past 24-hours of trading after touching some lows the day prior. At the moment the entire cryptocurrency market capitalization of all 1,600+ tokens is around $377Bn with around $16Bn worth of 24-hour trade volume. Bitcoin Core (BTC) markets are up 2.3 percent averaging $8,314 per coin while Bitcoin Cash (BCH) prices are up 1.5 percent at around $1,180 per BCH.

The Week-Long ‘Consensus Pump’ Never Came to Fruition

The mid-May ‘blockchain week’ Consensus pump never materialized last week even though there was plenty of positive cryptocurrency news. During the course of the week, most digital assets in the top 500 lost a good portion of gains. This weekend is a different story as a bunch of markets are seeing some recovery from the dips. Bitcoin Cash markets are up 2.3 percent averaging roughly $1,188 per BCH at the time of publication. The decentralized currency’s 24-hour trade volume has dropped considerably to $683Mn which doesn’t give traders hope for a bigger weekend push. The top five exchanges swapping the most BCH today include Okex, Huobi, Hitbtc, Lbank, and EXX. BTC pairs with BCH has increased significantly as BTC represents 41 percent of today’s BCH trades. This is followed by tether (USDT 30%), USD (13%), KRW (11%), and the Euro (1.2%).

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I'm sick and tired of these topic of pump up, bullish and green days news in which after these positive news and development still market is in difficult in which even the Bitcoin is hardly to reach $10,000 again. Unless if Bitcoin will actually reach above $10,000 again then that will be the day that i will start to celebrate because for now it will just giving us a false hope but anyway this is better than spreading FUD in which it will just make the market to become worst and unhealthy.

Hope this is a good start! At the beginning of the year there were predictions that the BTC would reach $20,000 this year! It is about to enter the second half of 2018, hope to start from now, the market and the popularity is good!!!

Green days are here? Before saying that, we have to wait for a real trend reversal and from what we can observe, we are not there yet.
It is almost certain that the green days will return sooner or later but we must still be a little patient. The first target is 10,000.

Yet the market is still falling.
The 2018 consensus did not bring any good news to the market.

Wow that nice to hear that!! Hope soo will go pump it in this years!! Go for it green years !!

Perhaps after entering a dark period in early 2018 the price of cryptocurrency is getting better as it enters the middle of the year where last year prices began to creep up about mid-year. Good news for all of us

Maybe we should wait for a run of at least a few days before celebrating the bull market.  The market looks incredibly weak right now with low volume and most technical indicators telling us to sell.  I'm VERY bullish on crypto long term, but we're not in a bull market yet.

Hurry thats so nice to see the BTC is a green day !! But hiw come it long this year?? I hope they long term of green day until the next year!!

Yeah I agree with your opinion mate. Red and green might happen anytime sooner or later and of course patience is very important in this industry if we want to succeed. Observation might also help us or this what we called situational awareness it is because we can't really tell what would happen tomorrow or in the near future with what we have today. For me either red and green is always a good opportunity as a hodler and trader.

At present, almost all BTC and altcoin are discounted, the sign of recovery is very small! I think that this stage is extremely difficult for investors, need to check and make timely decisions to make a profit!

I will believe in the growth of the currency only when I see a constant growth within a month.

And most importantly, until bitcoin rises in price, at least up to twelve thousand dollars, it's too early to talk about changing the trend.

there always be red and green in this cryptocurency market. it is so hard to predict decentralized system like this,  the chart are very fast on going up and down. let the market prove how strong this technology are, I believe it will be growing from time to time.

The greenday might be turns into a red day even in few hours in the crypto field.But you sating 2.3% and 1.5% as recovery but I don't even consider less than 10% as recovery because the price swings are normal in crypto currencies so we have to wait little more to get the green days clear.

Yeah and usually it doesn't take long for the market to change course. Green days come and go same as red days on a whim. It can take days, or weeks but you can't expect a specific time for how long it'll stay

It looks were going to green days but these past few days, the price are going tricky and having difficulty to keep going up , so it's too early to celebrate , but we should always have a positive mind set just to get relax and never tired of monitoring the price , just be hopeful that BTC price will reach $20000 before year end .

"green days" can be seen in two ways and neither of them are enough to make this topic about.
- you can see it as the pumps that are still happening in the altcoins even when others are dumping. and that is happening every single day so they don't go anywhere.
- or you can see them as when altcoins are majorly pumping all around the market in a market wide bull run with a lot of money pouring in. and that is not yet here,. we are still seeing altcoins getting dumped hard and all these small recoveries are more of a dead cat bounce than a "green day".

Why people become so sensitive to green color on coinmarketcap? Many think that this is the beginning of greatest bull run ever, but please, stop - it is just a little recovery. There is no rise without falling down as there is no dipping without rise up. You see just intraday, so yes, here we are going up a little bit. Just a little. But if you will take a higher timeframe, you will see that the market is going down.
Only one thing is great - if you take the highest timeframe, you see - it will go up anyway ;) But it needs so much patience. Those who react on every price movement scoffs at themselves.

which I see hopefully bitcoin will quickly re-stabilize and can be good for the future because predicting bitcoin prices is very difficult, and hopefully by the end of 2018 bitcoin will reach the highest price and can be profitable for the future

Why always people think about green, it's very common red and green in market. Every continuous growth there should be a correction. And every correction takes bottom out and grows up.

Bitcoin or Alcoin prices are difficult to predict, when up and when to go down, This May,I think the price is stable enough and although not always green.