Crypto market overview 10.8. | LINK with 640% / 2020, trading volume exceeds BTC on Coinbase

Table of Contents

Welcome to our crypto market overview 10.8.

Let’s look at the two coins that attract the most attention this week. It is a Chainlink with its 640% appreciation for 2020 and then also Bitcoin, which is experiencing a nice growth of more than 60% this year.

overview of terms

Yesterday, we reached a marketcap value of $ 357.5 billion (+ $ 2 billion / 24 hours). This week we are recording a low of USD 333 billion and a high of USD 359 billion. For Bitcoin, we have a low at $ 11,030 and a high at $ 11,760 over the same period. We are currently trading at $ 11,702 for one BTC coin. Bitcoin dominance is declining (1D.) And is now at 60.4 percent.

Last crypto market overview here.

Overview of coins from top capitalization yesterday:

Bitcoin (BTC) $11 692,08 USD (-0,69%)

Chainlink (LINK) $13,49 USD (25,81%)

The best growth yesterday was:

Decentraland (MANA) $0,114909 USD (37,38%)

Band Protocol (BAND) $13,37 USD (37,29%)

Balancer (BAL) $20,87 USD (36,53%)

Swipe (SXP) $2,44 USD (27,98%)

Chainlink (LINK) $13,46 USD (25,60%)

The biggest drop was recorded:

Quant (QNT) $7,29 USD (-5,53%)

Holo (HOT) $0,000853 USD (-3,61%)

Bitcoin SV (BSV) $224,47 USD (-3,63%)

All data is provided from coinmarketcap.com

World markets overview yeterday:

SP500: 0,06 %. NASDAQ: -1,13 %. GOLD: -1,39 %. DOW J.: 0,17 %

[BTC / USD] In 2020 to present value: 64,7%

Bitcoin is currently at $ 11,700 and we are within resistance at $ 12,000. Investors are holding close to $ 12,000. We see support at $ 10,600. Investors will have to break the resistance in the coming weeks as long as enthusiasm for growth persists. Prolonged hesitation below $ 12,000 raises concerns about whether this resistance can be broken and Bitcoin could fall back to $ 10,000. It will all depend on what happens in the coming weeks, but we are quite optimistic and we believe that in the coming weeks we will be able to break through the resistance and see growth to $ 14,000.

[LINK / USD] In 2020 to present value: 640%

Chainlink reached $ 13.94 over the weekend. We are experiencing a complete madness over its growth. Many expected a massive decline to $ 10, but instead we are overcoming one ATH after another.

We saw a significant drop between $ 9 and a subsequent drop to $ 7. From $ 7, we rebounded toward $ 13.94. The current values are at ATH, so we should not stick to any resistance where further growth could stop. The situation is not improved even by looking at the chart, because from USD 5 we are simply experiencing FOMO. As part of the support, however, we can say with certainty that the first value will be at $ 9.

LINK does not surprise the cryptocurrency world. After several attempts to create a FUD from the fraudulent Zeus Capital, LINK continues on its way up. The token is already in 6th place in the market capitalization on CoinMarketCap. Sunday’s trading volume of LINK surpassed BTC on Coinbase and is also approaching the volume of BTC on Binance.

Thank you for your time and reading our today´s crypto market overview 10.8.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂

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