Table of Contents
Welcome to our crypto market overview 17.8.
Bitcoin is holding just below the $ 12,000 resistance. Still holds 60% of the appreciation in 2020, will it last next week?
Yesterday, we reached a marketcap worth of $ 373 billion. This week we are recording a low of USD 342 billion and a high of USD 374 billion. At Bitcoin, we have a low at $ 11,150 over the same period. We are currently worth $ 11,880 for one BTC coin. Bitcoin dominance is declining and now stands at 58.6%.
Last crypto market overview here.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $11 828,92 USD (-0,22%)
OMG Network (OMG) $2,44 USD (26,05%)
The best growth yesterday was:
As you can see, today was very favorable for the altcoins. Bitcoin dominance has been declining for several months in a row, and it looks like investors have also opted for altcoins, which are now growing in double digits.
yearn.finance (YFI) $6 507,84 USD (46,48%)
Reserve Rights (RSR) $0,022516 USD (34,61%)
OMG Network (OMG) $2,44 USD (26,05%)
Ren (REN) $0,378778 USD (17,54%)
Flexacoin (FXC) $0,005753 USD (13,45%)
The biggest drop was recorded:
Nervos Network (CKB) $0,008821 USD (-5,75%)
Matic Network (MATIC) $0,029297 USD (-4,88%)
Ampleforth (AMPL) $0,625509 USD (-4,71%)
DigiByte (DGB) $0,034604 USD (-4,55%)
All data is provided from coinmarketcap.com
World markets overview yeterday:
SP500: -0,02 %. NASDAQ: -0,12 %. GOLD: -0,46 %. DOW J.: -0,32 %.
[BTC / USD] In 2020 to present value: 63 %
In 2020, Bitcoin is very popular with investors. A momentary look at the graph shows a lot of resistance at $ 12,000. We are currently hovering at $ 11,850. If investors want to break the $ 12,000 resistance, they have to go through a wave of large stop-losses to $ 12,000. We expect a breakthrough despite this resistance, but certainly not next week, so there is only one left – a drop to the nearest support values of 11,200 and 10,600 USD.
Thank you for your time and reading our today´s crypto market overview 17.8.
- Rising copper price is a bullish signal for Bitcoin - February 7, 2025
- Trade war between the US and China escalates: Chip market in the crosshairs - February 7, 2025
- Crypto market in panic: XRP price falls by 25% due to profit-taking - February 7, 2025