Huge growth on Ethereum Classic
Welcome to our crypto market overview today.
Not much happens during the weekend. The minimal market movements and the shift of Bitcoin towards USD 9,000 is not a big surprise, but the sea will start to riot on Monday. What is the current position of Bitcoin? We will also look at Ethereum Classic.
Yesterday, we reached a marketcap value of $ 248 billion ($ -4 billion in 1D), a drop of $ 58 billion from high 2020. This week we are recording a low of USD 220.15 billion and a high of USD 263 billion. Bitcoin rose from $ 7,610 to a high of $ 9,450 (7D). We are currently moving at 8 650 USD. Bitcoin dominance is growing and now stands at 65.7%.
The best growth yesterday was:
Holo (HOT) $0,000415 USD (13,32%)
Matic Network (MATIC) $0,017130 USD (4,55%)
THETA (THETA) $0,140800 USD (3,74%)
Maker (MKR) $371,25 USD (3,46%)
The biggest drop was recorded:
Energi (NRG) $3,17 USD (-10,49%)
Hedera Hashgraph (HBAR) $0,039139 USD (-9,92%)
Unibright (UBT) $0,275427 USD (-10,44%)
Streamr DATAcoin (DATA) $0,068613 USD (-7,56%)
Blockstack (STX) $0,105278 USD (-7,23%)
Nervos Network (CKB) $0,004399 USD (-7,13%)
All data is provided from coinmarketcap.com
World markets overview yeterday
SP500: -2,81 %. NASDAQ: -3,09 %. GOLD: +0,8 %. DOW J.: -2,47 %.
[BTC / USD] In 2020 to present value: +23,2%
Bitcoin reached $ 9,060 overnight. We see the current resistance in the range of 10,000 – 10,500 USD. And just like today, when we reach $ 9,450, we see a rejection of these values. The Bulls could not keep up their pressure and growth had already stopped. The current drop is to $ 8,661. On the positive side, Bitcoin has maintained support at $ 8,500, which will be able to bounce upwards in the future. But that doesn’t change the situation that halving is approaching.
[ETC / USD] In 2020 to present value: +66%
We see a bullish channel that ETC broke to $ 6.46. FOMO is coming and investors will be bullish properly. Yesterday we returned to the resistance of the line channel and there was a 14.5% pump. Maybe it will be similar this week even on BTC – the similarity is definitely there and ETC can indicate what the situation will look like on BTC.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $8 882,32 USD (-0,83%)
Ethereum (ETH) $210,24 USD (-2,06%)
Chainlink (LINK) $3,70 USD (-3,65%)
[crypto coins=”BTC,ETC” columns=”2″]