Crypto market overview 5.8. |Bulls on the market, beginning of the bull market?

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Welcome to our crypto market overview today.

On the cryptocurrency market, all altcoins and, of course, Bitcoin want to shine. But few succeed, one of the most successful is Chainlink. It got above $ 9 today and is recording + 14% growth.

Crypto market overview 5.8. | — *image source: shutterstock*

overview of terms

Yesterday, we reached a marketcap value of $ 342 billion (+ $ 2 billion / 24 hours). This week we are recording a low of USD 333 billion and a high of USD 347 billion. At Bitcoin, we have a low at $ 11,030 and a high at $ 11,430 over the same period. We are currently worth $ 11,206 for one BTC coin. Bitcoin dominance is declining (1D.) And is now at 60.4 percent.

Overview of coins from top capitalization yesterday:

Bitcoin (BTC) $11 206,81 USD (-0,97%)

Chainlink (LINK) $9,53 USD (12,60%)

The best growth yesterday was:

The Midas Touch Gold (TMTG) $0,038695 USD (33,36%)

Band Protocol (BAND) $4,81 USD (17,14%)

Ocean Protocol (OCEAN) $0,288620 USD (14,64%)

Flexacoin (FXC) $0,005141 USD (13,20%)

The biggest drop was recorded:

Ampleforth (AMPL) $0,833317 USD (-15,71%)

Crypto.com Coin (CRO) $0,156388 USD (-7,17%)

MCO (MCO) $5,21 USD (-4,67%)

All data is provided from coinmarketcap.com

World markets overview yeterday

SP500: 0,21 %. NASDAQ: 0,02 %. GOLD: 0,97 %. DOW J.: 0,48 %

[BTC / USD] In 2020 to present value: 58 %

Bitcoin was worth $ 11,190 on Tuesday, and we have to say that investors are quite strong at $ 11,000. Leaving aside the exception of Saturday, where we saw an overnight decline of almost $ 1,000 (from $ 12,000 to $ 11,100), Bitcoin still has the strength to stay here for a long time after this increase from support to $ 9,100 to over $ 11,000. .

Crypto market overview 5.8. |Bulls on the market, beginning of the bull market?

Few expected such values during the summer, while many expected large declines in the market. We currently have the nearest support at $ 10,600 and we see resistance at $ 12,000. He is a strong resistance from the point of view of nine months. However, with the growth to 12,000 USD, Bitcoin silenced the voices of the unwilling, who assumed a fall towards 5,000 USD after the halving.

[LINK / USD] In 2020 to present value: 436%

LINK currently holds the 9th place in the ranking of cryptocurrencies according to capitalization. On Tuesday, LINK reached $ 9.75. This value represents not only the high of 2020 but also ATH at the moment. It all started with the big FOMO 06.07.20 for $ 5.03 and breaking the bullish channel.

As we were already in the bullish channel and investors were optimistic about this break, a signal came for the mass adoption of LINK and the mass holding of LINK on their wallets. This was followed by 91.95% bull run madness.

In total, in 2020 we have up to 436% appreciation on LINK. It’s hard to say where the resistance will be, because at LINK we have nothing to stick to in previous cycles. However, it can be assumed that the psychological 10 USD will be a slight obstacle. We should see it continue to grow over the course of the year, but that’s just our personal opinion. We think that already this year it could reach the top 5 coins according to capitalization.

Thank you for your time and reading our today´s crypto markets overview.

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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. 🙂

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