Crypto market overview 2/9|BTC|Another chance to break $ 12,000?

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Welcome to our crypto market overview 2/9.

Bitcoin Rises to $ 12,000! Investment is returning to the global crypto market and Bitcoin is growing. This inflow of capital helped the price of the leading cryptocurrency climb above $ 11,900 (+ $ 800) from a monthly low to $ 11,115.

overview of terms

Yesterday, we reached a marketcap worth of $ 368 billion. This week we are recording a low of USD 348 billion and a high of USD 369 billion. At Bitcoin, we have a low at $ 11,230 over the same period. High on Bitcoin at $ 11,790. Bitcoin dominance is declining at 59.2%.

Last crypto market overview here.

Overview of coins from top capitalization yesterday:

Bitcoin (BTC) $11 999,73 USD (2,29%)

The best growth yesterday was:

DFI.Money (YFII) $7 483,91 USD (71,59%)

SushiSwap (SUSHI) $10,36 USD (63,92%)

Curve DAO Token (CRV) $5,49 USD (53,51%)

Flexacoin (FXC) $0,011242 USD (21,81%)

UMA (UMA) $26,62 USD (21,06%)

The biggest drop was recorded:

bZx Protocol (BZRX) $1,15 USD (-13,42%)

Kusama (KSM) $39,61 USD (-10,25%)

yearn.finance (YFI) $34 008,81 USD (-7,37%)

All data is provided from coinmarketcap.com

World markets overview yeterday:

SP500: 0,54 %. NASDAQ: 1,38 %. GOLD: 0,06 %. DOW J.: 0,47 %.

[BTC / USD] In 2020 to present value: 62,85%

On Tuesday, BTC successfully broke free from the close range of Fibonacci, in which it had been trapped for the past 48 hours – between $ 0.382 and 0.5 – $ 11,634 and $ 11,794, and today rose 2.38% to 0.618 Fibonacci resistance.

Bitcoin gained $ 11,100 in support, and a subsequent sharp bull attack hit $ 11,700 on Monday and continued to rise to $ 11,950 on Tuesday. In the graph we see the cyclicity of triangles and resistance at 12,000 USD not only within the resistance line triangle, but also weekly resistance at 12,000-12,400 USD.

Crypto market overview 2/9|BTC|Another chance to break $ 12,000?

If momentum declines, we should expect a sharp drop back to 0.382 Fibonacci to $ 11,634. If the bulls did not support this support, of course we respect the triangle and cyclicality of the previous pattern and expect support on the support line triangle at $ 11,100.

Thank you for your time and reading crypto market overview 2/9.

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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. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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