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Crypto market overview 7/9|BTC The end of the slump, the reflection is here

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Welcome to our crypto market overview 7/9.

Bitcoin fell sharply toward $ 10,000 and took the entire altcoin market with it. Ethereum fell to $ 350 from $ 477 a few days ago.

Crypto market overview 7/9|BTC The end of the slump, the reflection is here

overview of terms

Yesterday, we reached a marketcap value of $ 328.5 billion. This week we are recording a low of USD 328 billion and a high of USD 330 billion. At Bitcoin, we have a low at $ 10,170 over the same period. High on Bitcoin at $ 10,350. We are currently worth $ 10,250 for one BTC coin. Bitcoin dominance is declining at 57.7%.

Last crypto market overview here.

Overview of coins from top capitalization yesterday:

Bitcoin

 

 

Bitcoin (BTC) $10 254,49 USD (0,14%) 

The best growth yesterday was:

SushiSwap

 

 

SushiSwap (SUSHI) $3,00 USD (32,88%)

Ocean Protocol

 

 

Ocean Protocol (OCEAN) $0,413937 USD (24,17%)

THORChain

 

 

THORChain (RUNE) $0,754047 USD (15,41%)

Flexacoin

 

 

Flexacoin (FXC) $0,010151 USD (15,33%)

Binance Coin

 

 

Binance Coin (BNB) $22,31 USD (14,29%)

The biggest drop was recorded:

Hyperion

 

 

Hyperion (HYN) $0,676912 USD (-11,05%)

UMA

 

 

UMA (UMA) $14,27 USD (-7,61%)

BitTorrent

 

 

BitTorrent (BTT) $0,000346 USD (-5,93%)

 

All data is provided from coinmarketcap.com

World markets overview yeterday:

SP500: -0,81 %. NASDAQ: -1,27 %. GOLD: 0,13 %. DOW J.: -0,57 %.

[BTC / USD] In 2020 to present value: 42,9%

Bitcoin reduced its profit for 2020 from the original 68% to 42%. We are currently moving at $ 10,250. Over the weekend, we saw a drop to $ 9,968. From the high of 2020 to $ 12,400, which we experienced a few weeks ago, we see a drop of more than $ 2,000. On Sunday, the decline on Bitcoin stopped and there is a slight increase in altcoins. They fell during the fall of Bitcoin as well. Ethereum dropped to $ 330. LINK fell to $ 10.68.

Crypto market overview 7/9|BTC The end of the slump, the reflection is here

On the Bitcoin chart, we see resistance on $ 12,000, which investors failed to break last week, and this meant a drop to the nearest support of $ 11,100 still in the structure of the triangle. Unfortunately, investors did not support this line and we saw a short fall below $ 10,000. On the chart we see a broken triangle, but also a drop below the trend line guaranteeing another bull run. The current resistance will be worth $ 10,600 and support for the psychological $ 10,000. We anticipate that investors will want to mitigate the downturn, so this week we are likely to see growth to somewhere to $ 10,600.

Thank you for your time and reading crypto market overview 7/9.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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