Crypto market overview 2/9|BTC|Another chance to break $ 12,000?
2 min readTable of Contents
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.
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.
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.
