Crypto market overview 28.4.|BTC, ZEC

by cryptheory

April 29, 2020

in Crypto Hints

Reading Time: 6 mins read

Table of Contents

Waiting for last latecomers

Welcome to our crypto market overview today.

overview of terms

In today’s market overview, we will look at the largest growth of the top 100 coins by capitalization and we will not forget to look at the largest declines. Bitcoin is facing resistance at $ 7,700.

Check last Market Overview here

Yesterday, we reached a marketcap value of $ 220 billion, a drop of $ 84 billion from high 2020. This week, we are recording a low of USD 220.15 billion and a high of USD 223.7 billion. Bitcoin rose from $ 6,550 to a high of $ 7,730 (7D). We are currently moving at $ 7,700. Bitcoin dominance stabilized at 64%.

The best growth yesterday was:

Steem (STEEM) $0,222610 USD (24,42%)

Siacoin (SC) $0,001722 USD (10,74%)

Unibright (UBT) $0,305134 USD (6,43%)

0x (ZRX) $0,203521 USD (6,47%)

Dogecoin (DOGE) $0,002370 USD (5,84%)

The biggest drop was recorded:

Hive (HIVE) $0,552985 USD (-29,84%)

DigiByte (DGB) $0,012983 USD (-14,86%)

Bytom (BTM) $0,065254 USD (-7,99%)

All data is provided from coinmarketcap.com

World markets overview yeterday

SP500: 1,28 %. NASDAQ: 0,49 %. GOLD: -0,88 %. DOW J.: 1,15 %.

[BTC / USD] In 2020 to present value: +6,2%

The situation on Bitcoin is currently very bullish. Investors hold their long from $ 4,900 and create a bullish channel, which has support at $ 7,000 and is currently hovering at 7,650 just below the $ 7,700 – $ 8,000 resistance. Altcoins followed the growth of Bitcoin and added considerable percentages. Thanks to the growth of Bitcoin, many altcoins are gaining ground again in 2020. It is assumed that Bitcoin could grow until halving, and this growth will of course translate into the growth of altcoins.

[ZEC / USD] In 2020 to present value: +7%

We are currently moving at 43.3 USD. We see an ascending channel on ZEC as well as on Bitcoin. Investors will be bullish on Zcash as long as we maintain the support line channel. We currently see support at $ 39.7 where the support line intersects with weekly support. Bitcoin investors should be bullish ontil halving and this should be reflected in altcoins and therefore ZEC should grow.