An Overview of Today's Criptocurrency Market Saturday, June 26

An Overview of Today's Criptocurrency Market Saturday, June 26

Bitcoin falls below $ 31,000

Gradually, it becomes a tradition for Bitcoin to begin a downward trend as the weekend begins. After the cryptocurrency recovered from a mid-week fall to more than $ 35,000, it was in relatively good shape yesterday.

This was the highest BTC price in the last four days, but the bears did not allow the price to rise further. On the contrary, they caused prices to fall by creating tangible selling pressure.

Thus, within a few hours, Bitcoin lost more than $ 3,000 in value and fell below $ 32,000. Although it initially reverted somewhat to previous levels and recovered some of its losses, the bears did not give up and lowered the BTC below $ 31,000.

On the other hand, bitcoin dominance in the market is still high, but this is only because Altcoins do not have favorable conditions. The BTC market value has now dropped below $ 600 billion.

Red dominates the Altcoins market

As always, with the start of the bitcoin downtrend, the situation among Altcoins has worsened. The atrium is a prime example of this condition. Ether, which was above $ 2,000 for a few days, fell 9 percent to below $ 1,800.

Binance Quinn also fell 8 percent from $ 310 to about $ 270 in 24-hour timeframe. Other major altcoins on the market have also lost significant value. Including Cardano (-7%), Dogecoin (-10.5%), Ripple (-9%), Polkadot (-8.5%), Bitcoin Cash (-7%), Litecoin (-7%) and Uniswap (-10%) .

With the exception of Celo, which has had a 25 percent pump since yesterday, most low to medium market value altcoins have turned deep red today.

THORChain is the leader in this unfavorable competition with 17% dump today. Kusama (-16%), Curve DAO Token (-15%), ICP (-15%), BakeryToken (-14%), NEAR Protocol (-14%), Synthetix (-13%), Phantom (-13%) ), The Graph (-12%), Nano (-12%) and FTX Token (-12%) are some other examples of currencies that have seen double-digit declines today.

Finally, the cumulative market value of all cryptocurrency assets has lost more than $ 160 billion a day and is below $ 1.3 trillion.

The cryptocurrency market value fell by $ 150 billion after Bitcoin reached its lowest price

The cryptocurrency market value fell by $ 150 billion after Bitcoin reached its lowest price in 11 weeks

In the early hours of Sunday trading, the price of Bitcoin (BTC) reached its 11-week low and touched the $ 46,700 level before slightly improving.

The last time Bitcoin fell to this level was in late February, during the currency's second major rally correction. At that time, the return from this price floor caused the price of Bitcoin to cross the $ 60,000 mark in two weeks.

This time, things are a little different, and the downside is slowly returning to the crypto markets. For the second time since Bitcoin hit a high of $ 65,000 on April 14, it marks the continuation of a larger downtrend.

It seems that this move has also started following the release of Ilan Mask's tweet on May 13 on the topic of high energy consumption by Bitcoin. It should be noted that the Bitcoin Fear and Greed Index has now dropped to 20 points, indicating "extreme fear" and the lowest level since the market crash in March 2020.

$ 150 billion decrease in market value

As usual, these moves have resulted in the bulk selling prices of other cryptocurrencies, resulting in the outflow of about $ 150 billion in capital over the past day.

The cryptocurrency market has now fallen from its $ 2.5 trillion high on May 12 to $ 2.3 trillion. Although the long-term outlook for the market is still bullish and favorable, this downward trend could accelerate rapidly if sentiment increases.

The Coinbase Exchange plans to list Dogecoin soon

The Coinbase Exchange plans to list Dogecoin soon

For the first time since Coinbase 's direct presence in Nazdaq, the digital exchange released its first quarter earnings.

Coinbase said in the earnings report that it has seen impressive results since the company's first public offering. "The wind is currently blowing along with our sails and we feel good," the investor wrote in the letter.

The exchange witnessed a jump in its net income thanks to the recent boom in the digital currency market and the interest of legal and real investors. The company's results were largely in line with estimates previously reported in the company's first public release.

The total volume of cryptocurrency market transactions has reached $ 335 billion, which was previously predicted in a report. The market is experiencing an increase of about 300% over its $ 90 billion volume in the last quarter. Analytically, $ 120 billion of that has come from real investors and another $ 215 billion from law firms.

As the prices of Bitcoin, Ethreum and other Altcoins reached their highest levels, trading witnessed a massive influx of market volume.
Coinbase Exchange, in particular, added another 13 million approved users during this time. In the last quarter, the exchange served 43 million users, but now that number has grown to 56 million. The monthly transaction of users in this exchange increased by 217% and reached 6.1 million from 2.8 million.

Despite the company's steady quarterly trend, Coinbase warned his investors that increased competition could pose potential challenges:

"Our competitors support certain digital currency assets with high trading volume and market value. At the same time, our exchange does not support these passwords and other updated services. We welcome these challenges because they represent a market in which we all serve to grow rapidly.
 "We need to move fast for wider access to users, and that inspires us to move and grow the organization."

The Kevin Coinbase exchange fee is a major part of digital currency exchange revenue and is significantly higher than competitors. Coinbase Chief Financial Officer Alesia Haas reiterated that the exchange commission fee will remain high: "We do not want to compete on the commission fee. Rather, we seek to gain the most trust from exchange users. "

And about adding Dogecoin to the Coinbase exchange

Dog-themed cryptocurrencies grew 10,000 percent this year, attracting millions of new users along with other competing exchanges to Dogecoin.

On the other hand, Coinbase Exchange has not added Dogecoin to its support list. During the revenue report, Coinbase CEO Brian Armstrong promised to add memes or Internet jokes next summer: We think of upgrading assets like Dogecoin .

An overview of the cryptocurrency market today, May 9

An overview of the cryptocurrency market today, May 9

Bitcoin is approaching $ 60,000

As reported two days ago, the bears were in complete control of the market's first cryptocurrency, lowering the price to around $ 55,000. However, Bitcoin managed to reverse its trend and gradually increase its value.

BTC reached above $ 58,000 yesterday and continued to move after a slight correction. In the last 24 hours, Bitcoin has reached the level of $ 59,600. This is the highest price of this leading cryptocurrency since the market collapsed in mid-April.

However, BTC failed to continue its uptrend until it crossed the significant $ 60,000 resistance, thus falling below the $ 59,000 level. It has since risen 2% to its current level of $ 58027.

The benchmark for comparing the BTC market value with all altcoins also rose to 45% after 44% yesterday.

Set new records in Ether and Cardano

The Altcoin market has fluctuated sharply in recent weeks. Atrium, on top of all of them, has experienced intense price pumps. The market's second cryptocurrency broke the $ 3,000 level less than a week ago, and has now reached its all-time high of $ 3,980, setting a record.

Cardano, after setting his last record earlier this week, managed to touch the level of $ 1.73 and draw his highest price level in history. Binance Quinn has also increased to $ 650 in 24-hour timeframes.

Dogecoin, on the other hand, fell 25% to $ 0.55 after the long-awaited Elon Musk show aired.

The most important market winner today is Shiba coin. Inspired by Dodge Quinn, the token was able to enter the top 100 currencies in the market after 850% growth in one week. The currency has risen 160 percent in the last 24 hours alone.

Telcoin (32%), Polygon (28%), Bitcoin Diamond (16%), Venus (13%) and Qtum (10%) are next.

The total market value of cryptocurrencies rose to a record $ 2.460 trillion after rising $ 60 billion in one day.

JP Morgan CEO called on regulators to pay attention to the crypto market

JP Morgan CEO called on regulators to pay attention to the crypto market

Jimmy Damon, CEO of JPMorgan, during an May 6 interview with ICI President and CEO Eric J. Pan, called on regulators to pay more attention to digital currencies before the crypto market grows too large to tame. To be.

"Because when it's $ 3 trillion, then $ 4 trillion, then $ 5 trillion. "When grandmothers start buying it and people steal it and ransomware is everywhere, you wonder why you did not enact a law for them."

Demon, who is not yet a supporter of Bitcoin, claimed that it was time for a "legal, regulatory and tax-related framework" for the class, given the fact that the crypto market value now exceeds $ 2 trillion. Design a new asset:

"I'm not a fan of bitcoin, but it does not matter. There should be a legal, regulatory and tax-related framework for crypto. It is now worth $ 2 trillion. "When do they want to say, 'My God, is this market worth our attention?'"

Damon had previously stated that JP Morgan customers are interested in bitcoin.

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.

An overview of the cryptocurrency market Monday, February 22

An overview of the cryptocurrency market  Monday, February 22

After the last bitcoin price record of about $ 58,000, the currency returned to the $ 55,000 floor with more than $ 3,000 correction. Most replacement coins also lost some value, and Atrium fell below $ 1,900.

$ 3000 Bitcoin drop

The first cryptocurrency on the market had a very positive week, with the stock rising more than $ 12,000 in the past few days, from a record low of $ 46,000 to several consecutive records. The last record was set yesterday after BTC reached $ 58,400, which is currently the highest price level in the history of this currency.

However, the bears took action at this stage and did not allow the currency to rise further. Thus, within a few hours, Bitcoin lost more than $ 3,000 in value and reached $ 55,000.

However, BTC has recovered some of that lost value and is currently above the $ 56,000 mark.

Technical indicators show that if the price continues to improve, Bitcoin could gain more support at the levels of $ 55,000, $ 52,365 and $ 50,800. Instead, BTC must cross the $ 57,500 and $ 58,350 resistance lines before entering a new unknown territory.

Atrium below $ 1900 and Ripple jump to $ 0.60

Most large altcoins have started a correction process again in the last 24 hours. Atrium, which hit an all-time high of $ 2050 on Saturday, has lost about $ 200 since then and is currently trading below $ 1,900.

Polkadat has also seen a 2% decline in the last 24 hours. Cardano (5%), LightQueen (1%) and China Link (4%) are all red today.

Binance Quinn reached $ 280 after a 6% increase and partially offset yesterday's loss. However, Ripple rose 20 percent to above $ 0.60 and showed the best performance.
As usual, lower market value altcoins have seen more volatility. The Pundi X went green today with a 53% increase, followed by IOST (48%), Fantom (40%), Holo (35%), OKB (30%), BitTorrent (22%) and Terra (18%). ) Placed.

In contrast, Ontology has lost most of its value (-12%) since yesterday. SushiSwap (-12%), Ravencoin (-11%), Horizen (-11%), 1inch (-11%), THORChain (-10%) and Uniswap (-10%) are also in the next ranks. .

An overview of the cryptocurrency market today Saturday, February 7

An overview of the cryptocurrency market today Saturday, February 7

After another jump that pushed the BTC to $ 41,000, the cryptocurrency traded below $ 40,000. The value of the cryptocurrency market also reached a slump above $ 1.2 trillion.

Bitcoin touched the $ 41,000 level

After Monday's price drop, the price of Bitcoin was gradually rising until it exceeded the $ 37,000 level. Following this move, the cows raised it above $ 40,000.

In addition, Bitcoin touched the $ 41,000 price level. Thus, the market's top cryptocurrency was just $ 1,000 away from its record 42,000 (approximately 2%).

At this point, the bears took action and did not allow the currency to move further. On the contrary, BTC returned to the daily low of $ 38,000. However, since then, with a slight improvement in price, it has returned to the level of $ 39,000.

Technically, BTC still has to cross the $ 40,000, $ 40,735 and $ 41,000 resistance lines to challenge the $ 42,000 level. Conversely, support levels of $ 38,550 and $ 38,000 could help if prices fall again.

Cardano's new record

In the last few days, most alternative coins have been so successful that they have set new records for currencies such as Atrium, Polkadat and Binance Coin. As a result of these developments, the total value of the cryptocurrency market also reached a record $ 1.220 trillion.

However, the situation has changed somewhat in the last 24 hours. Atrium has dropped more than 2% and is currently trading below $ 1650. Bitcoin Cash (5%) also fell below $ 460. China Link (4-%), Polkadat (2-%) and LightQueen (4-%) are also red today. While BNB and XRP have made small gains.

In addition, Cardano showed the best performance among the top 10 currencies in the market with a significant increase of 23%. As a result of this move, the ADA has reached $ 0.67, which is the highest price for the currency code in the last 3 years.

Decentraland (30%), Dogecoin (21%), Quant (16%), Avalanche (16%), Huobi Token (14%), Elrond (14%) and Decred (13%) have all experienced double-digit price growth. .

Vs. Nexo (-11%), FunFair (-10%), Alpha Finance Lab (-10%), 0x (-9%), Ampleforth (-8%) and Ren (-7.5%) a significant percentage of They have lost their value.