An overview of the cryptocurrency market Saturday, April 3

An overview of the cryptocurrency market Saturday, April 3

Bitcoin dominance falls to its lowest level in 7 months

While most alternative coins have made significant gains over the past few days, bitcoins have stopped below the 60,000 level. The first cryptocurrency in the market has been struggling with this particular price line for some time, but all its repeated attempts to overcome this resistance have failed every time and pushed it down.

In the last 24 hours, BTC was only a few hundred dollars away from touching $ 60,000 again, but subsequent corrections reduced the asset to its lowest daily level of $ 58,500.

Despite recovering several hundred dollars worth of bitcoin and trading above $ 59,000 at the time of this writing, bitcoin dominance has suffered a major blow. In fact, the benchmark for comparing the BTC market value with other encrypted assets has dropped to 58.4%. This is the lowest level of bitcoin dominance in the crypto market since mid-September 2020. It should be noted that this criterion in early January 2021 was much higher than 70%.

Polkadat ranks fourth in the market

The last few days have been quite bullish for the Altcoins market. Atrium has led the way with the formation of several consecutive daily green candles, and as a result of these developments, it was able to conquer the territory of $ 2,000 again yesterday.

Of course, the market's second cryptocurrency did not stop here and continued to advance until a new downturn of around $ 2150 (on Bitstamp). Despite some modifications since then, ETH is still trading above $ 2,100.

Bainance Quinn fell slightly from yesterday's record above $ 350 and traded around $ 340. Cardano and Theta have had minor gains, while LightQueen (6%), Ripple (12%) and Uni Swap (11%) are all green.

Nevertheless, Polkadat had the most significant performance among the top 10 currencies in the market, with a significant increase of 22% on a 24-hour scale. As a result, DOT became the fourth cryptocurrency in terms of market value, setting a new record at $ 46.5.

Double-digit growth in tokens such as Holo (57%), Livepeer (42%), BitTorrent (19%), EOS (14%), Solana (13%) and Cosmos (12%) is also significant.

Finally, the total market value of cryptocurrencies remains above $ 1.9 trillion, but it is still about $ 30 billion before it touches $ 2 trillion for the first time.

the cryptocurrency market Thursday, March 25

the cryptocurrency market Thursday, March 25

Bitcoin lost more than $ 6,000 in value

The situation seemed to change in favor of this superior currency after the news of the acceptance of Bitcoin by Tesla as a payment option was published. At the same time, however, Bitcoin rose by several thousand dollars to $ 57,000. But since then, Bitcoin has fallen below $ 6,500 to $ 5,500 a day. Despite the return of the price to the level of $ 53,000, Bitcoin still shows a 4% decrease in 24-hour timeframe.

What is more remarkable than the fall in the price of Bitcoin is the devaluation of the currency below $ 1 trillion. According to Bybt data, the increase in fluctuations since yesterday has led to a decrease of more than $ 2 billion in the total market value of this currency.

Altcoins drown in a sea of ​​blood

After a few days of margin trading, the Altcoins market situation looked good yesterday with slight gains. Atrium pioneered this growth, rising to $ 1,700 and $ 1,740. However, the situation has changed completely in the last 24 hours. The sudden drop of $ 200 in the price of ETH caused this asset to reach its daily low price of $ 1550 a few hours ago. Since then, ETH is still below $ 1,600, down more than 6 percent.

Today, red dominates other altcoins. Binance Quinn (5%) and Cardano (2.5%) reached $ 245 and $ 1.1, respectively.

Polkadat fell 13% to $ 31, Ripple (-10%) fell below $ 0.5, (11.5%) to $ 27, LightQueen (-9%) to $ 175 and Theta (-18%) to around $ 12. .

Theta Fuel (-24%), IOTA (-15%), Ontology (-13%), Phantom (-12%), OMG Network (-12%), Flow (-12%), Ren (-12%) , SushiSwap (-12%) and 0x (-11%) are other fallout altcoins today.

Finally, the cumulative capital of the cryptocurrency market fell by $ 150 billion to $ 1.620 trillion.

Atrium Analysis (ETH) Wednesday, March 10

Atrium Analysis (ETH) Wednesday, March 10

Ethereum is currently on an upward trajectory. The currency was able to overcome the resistance of $ 1850. This Ethereum (ETH) traded at its highest monthly price close to the level of $ 1880 and was just above the simple moving average of 100 (hourly).

Recently, ether started a slight downtrend and traded below the support level of $ 1825. At some point, the price of ether below the correction level of 23.6% Fibonacci broke the uptrend of $ 1649 to $ 1882. Ethereum is now trading below $ 1,800, but is still above the 100-hour moving average.

Ethereum is now testing the $ 1,765 support area. The ETH / USD's hourly chart also shows a major uptrend line with support around $ 1775. The trend line is close to the 50% Fibonacci retracement level of $ 1649 to $ 1882.

In the uptrend, the $ 1800 level is a short-term resistance. The first major resistance is near the $ 1825 level. A break above $ 1825 and $ 1850 could pave the way for the $ 1880 and $ 1900 levels.

If Ethereum fails to continue its uptrend above the $ 1800 and $ 1825 resistance levels, it is likely to face a downtrend. In this case, the first major support near the trend line is at $ 1865.

Currently, the main support is forming near the level of $ 1725 and the simple moving average of 100 (hourly). If the price falls below $ 1725 support, ether may fall to the level of $ 1650.

Technical indicators

The hourly MACD for the ETH / USD pair is gradually accelerating in the downtrend.

The hourly RSI for the ETH / USD pair is below the 50 level.

Main Support: $ 1725

Main resistance: $ 1825

An overview of the cryptocurrency market Wednesday, March 3

An overview of the cryptocurrency market Wednesday, March 3

Following a sharp drop that pushed the price of Bitcoin to $ 47,000, the currency traded back at $ 50,000. The Altcoins market is also mostly green today.

Bitcoin crossed the $ 50,000 resistance

After a sharp drop last week that brought Bitcoin below $ 43,000, the currency is slowly showing positive reactions as a new path opens up for the cows.

As reported yesterday, Bitcoin even broke the $ 50,000 level for a short time but could not maintain its momentum. The rejection of the price caused the currency to fall again and fall to the level of $ 47,000 (in Bitstamp).

Since then, Bitcoin has returned to this level once again, rising by about $ 3,000 to about $ 50,000. At the time of writing, Bitcoin is trading at $ 51477.

Technical indicators of the currency show that this particular price level is the first major resistance line in the uptrend of Bitcoin, so that BTC can cross the resistance levels of $ 52,500 and $ 55,000 after crossing this level.

If the price is rejected again, the support levels of $ 47,200, $ 46,600 and $ 44,750 can help.

Atrium reached $ 1,600

Most altcoins also saw unfavorable price movements last week, but were revisited in the last few days. Atrium, which has fallen to $ 1,300, has jumped nearly $ 300 since then and is now close to $ 1,600.

Cardano's 2% increase helped ADA remain third in the market value of digital assets. BinanceQueen (1%) and Ripple (2.5%) are also green in 24-hour timeframes. China Link has increased its value by 6% since yesterday and is currently priced above $ 30. The Polkadat also jumped 6.5 percent to trade at $ 38.

Nevertheless, Light Coin showed the most significant growth among the top ten currencies with a 12% increase. As a result, LTC is approaching the $ 200 mark.

Among the low and medium market value altcoins, the Energy Web Token had the best performance with 32% growth and reaching the $ 18 level. Ocean Protocol (22%), NEM (19%), Basic Attention Token (19%), Enjin Coin (18%), Phantom (13%), Decentraland (12%) and Ontology (11%) are next. they take.

Finally, the total cryptocurrency market capitalization remains above $ 1.5 trillion.

An overview of the cryptocurrency market Wednesday, February 24

An overview of the cryptocurrency market Wednesday, February 24

After another volatile day, BTC was able to recover some of its lost value today and trade at $ 50,000. Most alternative coins have also breathed a sigh of relief, and the value of the cryptocurrency market has risen by more than $ 130 billion.

Bitcoin once again touched $ 50,000

It can be said with confidence that BTC is having better days than in the last 96 hours. The cryptocurrency recently set a new record at $ 58,400, but the bears did not allow the price to rise further, pushing Bitcoin to more than $ 13,000, hitting $ 45,000.

Yesterday, the market's top cryptocurrency was initially close to $ 50,000, but adverse price movements pushed the asset back to $ 47,000.

Since then, BTC has improved somewhat. The price of Bitcoin even reached $ 51,500, but is now trading at around $ 50,400 with a slight decrease.

If Bitcoin can successfully overcome the resistance of $ 50,000, then it will face significant resistance at $ 51,500 and $ 52,000. If the price falls again, levels of $ 48,000, $ 47,000 and $ 44,750 could help the currency.

Altcoins trying to recover the price

In the latest market corrections, most replacement coins fell even more than BTC. Atrium fell below $ 1,400 from its $ 2040 record. However, ETH did not fall below its record price floor and is now trading at around $ 1650.

Binance Coin The Binance Coin also fell sharply to around $ 200 but has since risen to $ 270. Polkadat (1.5%) and China Link (2%) have also turned green in the last 24 hours.

In contrast, Ripple (-7%), Light Coin (5%) and Bitcoin Cash (-5%) are still losing value.

Stacks (31%), THORChain (25%), Phantom (25%), UNUS SED LEO (22%), Solana (-17%), Compound (15%), Terra (12%), THETA (11%) And Aave (10%) are among the less valuable market currencies that have seen significant growth today.

As a result, the cumulative capital of the cryptocurrency market also returned somewhat from yesterday's low, rising $ 130 billion to $ 1.51 trillion.

An overview of the cryptocurrency market today Tuesday, February 23

An overview of the cryptocurrency market today Tuesday, February 23

In the last 24 hours, we have once again witnessed the emergence of a very unstable nature of the crypto market. Bitcoin has pioneered this trend with a significant drop of $ 11,000. Most of the alternative coins also went downhill, eventually losing more than $ 260 billion in cryptocurrency.

Bitcoin falls again to 50 thousand dollars

A popular saying in the cryptocurrency market is "this market is never stagnant or boring." Now, in the last 24 hours, the term has become more prominent, but this time with a negative aspect. Bitcoin had recently reached its highest price at $ 58,400, and although everything seemed quite bullish for this asset, the situation changed completely within a few hours.

BTC lost about $ 11,000 in 24-hour timeframes, reaching a daily low of $ 47,500. Shortly after the massive decline, the cows took control of the market, bringing the cryptocurrency to $ 55,000.

However, Bitcoin failed to sustain this improvement and once again fell below $ 50,000. At the time of writing, the market's top cryptocurrency is being reconsidered and is currently trading at $ 47,920.

Finally, the bitcoin market capitalization fell by more than $ 100 billion in one day, reaching below $ 1 trillion.

Sea of ​​Blood in the Altcoins Market

As in the past, the price correction trend in the Altcoin market is more intense than in Bitcoin. Atrium dropped more than 15 percent in 24-hour timeframe to $ 1,600. Due to the fact that the price of this leading currency was more than $ 2040 in just a few days, following this fall, Ether (ETH) has lost more than $ 400 in a few days.

Bainance Quinn, which recently hit a new record at around $ 350, also fell to $ 235. Polkadot (-8%), Cardano (-5%), Ripple (-12%), Litecoin (-15%), Chainlink (-17%) are all red today.

The highest price drop today in Altoquins such as Dodo (-25%), Elrond (-24%), Siacoin (-23%), IOST (-23%), 1inch (-23%), Ontology (-22%) , Aave (-20%), Curve Dao Token (-20%), Waves (-20%), and BitTorrent (-20%).

As a result of recent price movements in the crypto market, the total value of the crypto market has fallen by more than $ 260 billion to $ 1.5 trillion.

An overview of the cryptocurrency market Sunday, February 21

An overview of the cryptocurrency market Sunday, February 21

The currency calmed down to about $ 56,000 after the last bitcoin price hit a record high of $ 57,500 and then reached $ 54,000 with a sharp correction. Most replacement coins have also been declining over the past 24 hours.

Bitcoin settles at $ 56,000

Last week was a good week for the market's top cryptocurrency as it was able to offset the loss from the recent fall of $ 46,000. In the following days, the asset set a new record with a price increase of more than $ 11,000.

These developments led to the beginning of the last significant rally of this currency. The uptrend started at $ 55,000 and ended at levels above $ 57,500.

As is sometimes the case in the world of cryptocurrencies, this record was followed by a sharp drop in price to $ 54,000 in most cryptocurrencies, but Bitcoin managed to get out of this correction immediately and is now priced at around It will be traded for 56 thousand dollars.

The market value of the BTC mark has remained at $ 1 trillion, while the dominance of this asset in the market has slightly increased to 61.5% because most altcoins have turned red in the last 24 hours.

Blood bath in the Altcoins market

Over the past few days, most Altcoins have begun to grow; Of course, none of them may have grown as significantly as Baines Coin (BNB). The cryptocurrency gained three-digit growth in the last seven days, setting a new record at around $ 350. It is interesting to know that less than a month ago, BNB was trading at $ 40!

Yesterday, the local currency of Bainance Exchange started a corrective process and lost almost $ 100 of its value and reached $ 260. Atrium fell 4 percent after failing to close its daily candle above the $ 2,000 milestone. Ripple (7.5%), Light Coin (8-%) and Bitcoin Cash (8-%) are also red.

Polkadat reached a new record above $ 40 yesterday and for a short time even replaced the BNB among the top 3 currencies in the market, but has since stopped and is now trading below this level. Cardano (ADA) also rose 6 percent to $ 1.12.

However, on the 24-hour UNI scale, with a 25% increase, it saw the largest price increase among high-value altcoins. As a result, the Uniswap dominance token hit a record high of $ 32 earlier today. Thus, this asset became the twelfth largest cryptocurrency in terms of market value.

The situation has been slightly better between lesser-valued altcoins. The Pundi X tops the list with a 55% price increase, followed by Flow (20%), Voyager (19%), BitTorrent (17%) and Ontology (14%).

Quant, on the other hand, had the biggest price drop of 13 percent. Ren (-11%), Solana (-9%), Monero (-9%) and EOS (-9%) are next.

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