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

by Margharet Tess

September 28, 2020

in News, Trading

Reading Time: 5 mins read

Table of Contents

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 (BTC) $10 254,49 USD (0,14%)

The best growth yesterday was:

SushiSwap (SUSHI) $3,00 USD (32,88%)

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

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

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

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

The biggest drop was recorded:

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

UMA (UMA) $14,27 USD (-7,61%)

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.

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.

Author
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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. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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