An overview of the cryptocurrency market today Saturday , February 20

An overview of the cryptocurrency market today Saturday , February 20

While the price of Bitcoin (BTC) rose above $ 55,300 in the morning trading session, for the first time the market value of this currency exceeded $ 1 trillion. The breakdown continued throughout the day, with BTC hitting an all-time high of $ 56,368 in the past hour.

Now that Bitcoin has established itself as a trillion-dollar asset among financial giants such as Amazon, Apple and Google, older banks have become more interested in providing cryptocurrency retention services to their customers.

At the time of writing, Bitcoin is trading at $ 55,847.
Several top altcoins on the market have joined the BTC move. One of them is ETH, which set a new record in its history by entering the $ 2,000 channel. The REN token continued its impressive performance, rising 60 percent to $ 1.80. Baines Coin (BNB) has reached its highest price at $ 348.72 with the growing influence of Bainance Smart Chain (BSC).

This parabolic rally made BNB the third largest currency in terms of market value.

Other DeFi-related projects such as PancakeSwap (CAKE) and Venus (VXS) are among BSC's top attractions, trading at $ 20.62 and $ 101.50, respectively, which are new records.

There is currently no sign of a momentary decline in the uptrend that has pushed up the price of Bitcoin and other altcoins. Recent data show that in 2021, bitcoin price increases will begin more on weekends, and many analysts believe that this digital asset could reach $ 60,000 by the end of the week.

While the price of ether (ETH) has remained stable at around $ 2,000, there are rumors that the currency will rise further as corporate investors show great interest in returns through deposits in Eth2 as well as participation in Defy's growing segment. Both of these factors are the driving force behind the growing demand for ether and the consequent increase in its price.

An overview of the cryptocurrency market Friday, February 19

An overview of the cryptocurrency market  Friday, February 19

Over the past 24 hours, we have seen new records being recorded among cryptocurrencies. Bitcoin climbed above $ 52,500 with Atrium and Bainance Coin breaking new records.
A new record for Bitcoin

The currency resumed its uptrend after Bitcoin fell to $ 46,000 on Monday. As reported in the early days of this week, BTC entered the $ 50,000 channel for the first time and has not fallen significantly since. In the last 24 hours, Bitcoin reached its last record at $ 52,600 (on Bitstamp), entering the $ 52,000 area, and continued to rise.

With this record, BTC was only $ 20 billion away from reaching a market value of $ 1 billion. However, after a slight increase yesterday, with the addition of altcoins to this uptrend, bitcoin dominance has once again decreased to 61%.

New records for other altcoins

As mentioned above, most of the replacement coins in the last 24 hours were in line with the upward trend in the market. Atrium is leading the way with a 6% increase. Binance Quinn also reached above $ 180 with its record breaking again. This asset has increased in price by about 350% since January 27 (February 28).

Polkadot (3%), Cardano (10%), Ripple (4%), Litecoin (6%) and Bitcoin Cash (1.5%) are also among the top 10 currencies in the market today.

The situation has been similarly high among lower market value altcoins. Bancor (40%), Venus (34%), Horizen (33%), PancakeSwap (33%), Phantom (26%) and Polygon (25%) are in the double-digit currency group.

Naturally, this overall price increase also means setting a new record in the total value of the crypto market. The market value of all encrypted assets approached $ 1.6 trillion. The index has risen more than $ 700 billion since mid-January.

Rick Reader's special look at Bitcoin

Rick Reader's special look at Bitcoin

Asset management giant BlackRock has turned its attention to investing in Bitcoin!

According to Rick Rieder, chief investment officer at asset management giant BlackRock, the company has turned to investing in bitcoin as a replacement for value storage.

Reader commented on BlackRock's interest in an interview with CNBC's Squawk Box on Wednesday morning. He said the asset management giant had taken steps in the field of cryptography, but did not elaborate.

Reader said that people's interest in bitcoin is growing because people are looking for an alternative to store value. He added: "My impression is that this technology has evolved and the regulations in this area have improved to some extent, because some people consider it as part of their portfolio, a factor that causes prices to rise. ”

According to Reader, BlackRock has not yet made any offers on Bitcoin, but since it has a lot of money, allocating part of it to Ramzars "makes sense." However, he remained skeptical that anyone should invest a portion of their assets in Bitcoin.

"I do not consider a number to be allocated, as it depends on the rest of the portfolio," he said. "

As previously reported, given BlackRock's budget, monitoring records indicate that the company is about to buy Bitcoin.

Stellar Analysis (XLM) Thursday, February 18

Stellar Analysis (XLM) Thursday, February 18

The strength of the upward trend in the price of Stellar digital currency has decreased to $ 0.465 after breaking the resistance level in April 2018. After that, the multi-year price ceiling was recorded at $ 0.61, but the market lost control over the buyers.
Currently, buyers are trying to stabilize the price above the level of $ 0.465 in order to reach the highest price level at $ 1.05.
The recent uptrend has made it easier to reach the historic price record of $ 1.05. The price is currently fluctuating in the range of $ 0.5 and is about 125% away from its record.

On the other hand, the MACD indicator, which is used to determine the entry and exit points, predicts the continuation of the uptrend. The significant distance between the MACD line and the signal line, as well as the fact that the MACD line is higher than the signal line, show us that the price trend is positive.

The RSI indicator also shows a negative price divergence in the four-hour time frame.

This divergence indicates the possibility of price correction. Breaking support levels of $ 0.5 and $ 0.465 are needed to form this correction and a downtrend.

Bitcoin Analysis (BTC) Wednesday, February 17

Bitcoin Analysis (BTC) Wednesday, February 17

Bitcoin prices regained their uptrend and broke the $ 50,000 resistance. BTC is maintaining a profit and seems to be moving further towards 52000.

Expand profitability

The price of bitcoin finally managed to cross the $ 50,000 resistance area. BTC climbed above the $ 50,200 and $ 50,500 levels and traded at the new $ 50,600 level before correcting the downtrend. There was a Sharpe correction below the $ 50,000 level. The price even fell below the $ 49,000 support level. However, the cows were able to stay close to the $ 48,000 area and the simple 100-hour moving average. A floor formed near the level of $ 47,819 and the price is currently rising.

Bitcoin above the Fibonacci retracement level trades 50% down from the $ 50,000 to $ 47,819. There was also a break above the key contraction triangle with resistance near 49,500 on the BTC / USD chart.
 The price trades well above $ 50,000 and is completely above the simple moving average of 100 hours and is testing the Fibonacci retracement level of 76.4% downward from the $ 50,000 swing ceiling to the $ 47,819 floor.

It seems that the upward trend of the price towards the ceiling of $ 50,600 will continue. A further climb could easily push the price towards the 51000 level. The next key resistance is at $ 52,000.

BTC fall again?

If Bitcoin fails to stay above the $ 50,000 and $ 50,200 levels, a bearish correction will occur. Initial support is near the $ 49,500 level and the broken triangle trend line.

A break below $ 49,500 could push the price towards $ 48,000 support. The simple 100-hour moving average is also set to support close to $ 48,000.

 Technical indicators:

Indicator of moving average convergence Hourly divergence in the cattle area.

The hourly relative strength index is currently above the 50 level.

Main support levels: $ 49,500 and then $ 49,000.

Main resistance levels: $ 50,000, $ 51,000 and $ 52,000.

Ripple Analysis (XRP) Wednesday, February 17

Ripple Analysis (XRP)

The price of Ripple Digital Currency is currently fluctuating in the range of $ 0.53302. The MACD and RSI indicators have also shown a downward trend.
However, the price continued its uptrend yesterday from the support range of $ 0.4880 to $ 0.4840. This level is the intersection of the 100 moving average indicator in the four-hour time frame and the downtrend line formed since February 2 (February 4) until now.
Currently, the 50-day moving average indicator level at $ 0.5460 and the Sunday bearish trend line at $ 0.56 play the resistance levels.
If the resistance breaks $ 0.56, the price will rise to the monthly downward trend line at $ 0.06150.
On the other hand, if the price penetrates below the support level of $ 0.4880 to $ 0.4840, one can expect the price to fall to $ 0.4 and the lowest monthly level at $ 0.3405.

Technical levels
Last price of the day: $ 0.5122
Daily fluctuations: 77- Pip
Fluctuations of the day (٪): 1.48-
Starting price: $ 0.5199
Trends
20-day moving average: $ 0.4632
50-day moving average: $ 0.3473
100-day moving average: $ 0.406
200-day moving average: $ 0.333
Levels
Yesterday's highest price: $ 0.58.03
Yesterday's lowest price: $ 0.4819
Last week's highest price: $ 0.6247
Last week's lowest price: $ 0.3911
Last month's highest price: $ 0.5167
Last month's lowest price: $ 0.2109
Fibonacci 38.2. Daily: $ 0.5195
Fibonacci 61.8. Daily: $ 0.5427
Pivot S1 Daily: $ 0.4745
Pivot S2 Daily: $ 0.429
Pivot S3 Daily: $ 0.3761
Pivot R1 Daily: $ 0.5728
Pivot R2 daily: $ 0.6258
Pivot R3 Daily: $ 0.6712

 

Hamid Rahathagh

An overview of the cryptocurrency market today Tuesday, February 16

An overview of the cryptocurrency market today Tuesday, February 16

Over the past 24 hours, we have seen a significant improvement in the cryptocurrency market after a slight correction that occurred yesterday morning. Bitcoin hit $ 50,000 for the first time, and the total cryptocurrency market capitalization rose to over $ 1.5 trillion.

Bitcoin touched the $ 50,000 level

For the first time in history, the market's top cryptocurrency touched the $ 50,000 target. Reaching this milestone, the price of bitcoin has grown by more than 72% since the beginning of 2021.

This happened after a few days of fluctuations in the price movements of this currency. On Sunday, Bitcoin seemed ready to break the $ 50,000 level. But during Asian trading, BTC experienced a slight correction and fell below $ 46,000.

Since then, the cryptocurrency has risen to less than $ 50,000 in less than a day.

Polkadat in fourth place

Meanwhile, according to CoinGecko, the Polkadat cryptocurrency (DOT) has officially become the fourth largest cryptocurrency in the market in terms of market value. The Altcoin surpassed Cardano to increase its distance from Tetra to $ 3 billion.

The total value of the crypto market has exceeded $ 1.5 trillion.

As can be seen in the map above, today the cryptocurrency market is a green hand. Atrium traded up about 2.5% at more than $ 1,800, DOT rose more than 14%, while ADA saw growth of 7.5%.

LightCoin is now approaching the $ 220 mark with a rise below 7%. XRP could not keep up with this wave and recorded only 0.55% growth.

In fact, the market situation today has been so favorable that Coin Market Cap data in the last 24 hours introduces only the VGX token with a 1.2% decrease as today's loser.

Ethereum cryptocurrency review Sunday, February 14

Ethereum cryptocurrency review Sunday, February 14

Over the past week, Bitcoin and Atrium have managed to rise in price above $ 1,700 and $ 45,000, respectively. This trend continued until the ETH reached its all-time high of around $ 1870 before beginning its short-term bearish correction.

After a bit of correction, the ether traded below the support level of $ 1,800 and $ 1,780. However, the cows continued to operate above the $ 1,750 level. The lowest price level of this currency is around $ 1761 and is currently well above the simple moving average of 100 (4 hours).

Ether tries to touch the $ 1820 resistance level. This level is close to the 50% Fibonacci retracement level of the recent correction trend of $ 1870 to $ 1761. In addition, the 4-hour chart of the ETH / USD pair is forming a significant uptrend line with support around $ 1,800.

In the uptrend, the first major resistance is close to the $ 1840 level. Fibonacci retracement level of 61.8% The downtrend of the $ 1870 price ceiling to the $ 1761 price level may also act as a significant resistance.

In the uptrend, the next major resistance is close to the $ 1870 price record. A break above $ 1850 and $ 1870 is likely to pave the way for a steady upward trend. In this case, the next target of the cows in the short term will be the level of $ 2,000.

If Atrium fails to cross the $ 1,850 level, it will likely face a bearish correction. The first major support in this downtrend is close to the support of the trend line and the level of $ 1800.

A break below the trend line support is likely to be accompanied by a long-term decline below the $ 1761 level. In this case, the next main support is close to the level of $ 1640 or a simple 100 (4-hour) move.
Main support: $ 1800

Main resistance: $ 1870

Bitcoin is one step closer to $ 50,000

Bitcoin is one step closer to $ 50,000

Bitcoin, the market's largest cryptocurrency, ends its hectic week with a new record. Today, Bitcoin took another step towards the $ 50,000 area by touching the $ 49,357 level at Bitstamp. At the time of writing, Bitcoin is trading at $ 48,836.

Currently, the market value of this leading cryptocurrency is over 910 billion dollars and its dominance in the cryptocurrency market is about 61%. According to recent actions by Tesla, MasterCard and BNY, last week is without a doubt one of the most successful weeks in the history of Bitcoin.

An overview of the cryptocurrency market today February 13

An overview of the cryptocurrency market today Saturday, February 13

On February 12, the price of Bitcoin (BTC) reached its all-time high of $ 48,985 before returning to the $ 46,000 level.

A quick look at the 4-hour chart of this currency shows that the trading of this high-ranking cryptocurrency is in the consolidation stage, but BTC still maintains its bullish momentum through the higher price ceiling pattern and higher price floor. If BTC can maintain its current speed and structure, it is likely that we will see a move towards the $ 50,000 level before the end of the weekend.
Bitcoin currently has about four million coins in circulation, and since June 2020, this figure has been steadily declining due to an increase in whales and corporate investors.

With the increase in wallets containing more than 1,000 BTC units, there is growing evidence that whales are growing. As the number of large wallets increases, so does the number of smaller wallets.

Traditional markets came under pressure early Friday after federal regulators announced Feb. 11 that regulators had launched probes to investigate possible market manipulation of the abnormal jump in GameStop and AMC shares on Robinhood and Reddit.

All three main indices then jumped higher and ended the day with the S&P 500 and NASDAQ trading at 0.47% and 0.50%, respectively. The Dow Jones Industrial Average was up 0.09%.

Atrium (ETH) entered another unknown territory on Friday with a new record of $ 1863, while Polkadat (DOT) reached 29.52 overnight, rising 21 percent among the top 10 currencies.

Other altcoins that have outperformed in the last 24 hours include the Algrand Net Proof Protocol (ALGO), which has risen 38% to a high of $ 1.84. Thezos (XTZ) also rose 23% to a new record of $ 5.41.

Currently, the total market value of cryptocurrencies is $ 1.48 trillion and the bitcoin market dominance rate is 60.4%.