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Market overview 11.4.| BTC + LTC – Bitcoin slump triggered PANIC on top 100 coins, according to capitalization

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Market overview 11.4.| BTC + LTC - Bitcoin slump triggered PANIC on top 100 coins, according to capitalization

overview of terms

The big slump on Bitcoin also reflected in the market. Bitcoin did not hold at $ 7,000. We start the weekend very negatively and we see a drop of altcoins by about 10% per day.

Cryptocurrency market currently has a total market value of $ 194 billion. The decline from high in 2020 is $ 112 billion and bitcoin dominance is 64.4%.

The best growth yesterday was:

Nothing

 

The biggest drop was recorded:

Bytecoin

  

Bytecoin (BCN) $0,000237 USD (-15,48%)

 

Blockstack

 

Blockstack (STX) $0,091284 USD (-13,39%)

 

Bitcoin SV

 

Bitcoin SV (BSV) $183,46 USD (-14,71%)

 

Matic Network

 

Matic Network (MATIC) $0,011955 USD (-12,46%)

 

Algorand

 

Algorand (ALGO) $0,175149 USD (-12,50%)

 

Zcash

 

Zcash (ZEC) $35,87 USD (-11,44%)

 

World markets yeterday

SP500: 1,46 %. NASDAQ: -0,12 %. GOLD: 0,78%. DOW J.: 1,22 %

[BTC / USD] In 2020 to present value: -3,5%

At the moment we can see in the graph that Bitcoin did not keep the value of $ 7,300. We are currently just over $ 6,900 and are on a former resistance that should now act as support. We also see a blue line of support on the graph. These two support areas will have a positive impact on the market, and bulls will want to bounce up there.

Market overview 11.4.| BTC + LTC - Bitcoin slump triggered PANIC on top 100 coins, according to capitalization

It is therefore necessary to monitor stocks and mainly world indices such as NASDAQ, DOW J. or SP500. In the event of a significant decline, a short break from the BTC should be considered. I would set the Stop Loss below 6,900 USD support. Beware of bull trap. Good luck.

[LTC / USD] In 2020 to present value: +0.81%

Litecoin is currently at $ 41. As we can see in the graph, the current slump may stop at 2 levels. In the first case, the bulls could gain support at the bottom of the uplink channel. The second level is a weekly support of $ 37-38, where we can bounce up.

Market overview 11.4.| BTC + LTC - Bitcoin slump triggered PANIC on top 100 coins, according to capitalization

 

Selected coins from top capitalization yesterday:

Bitcoin

 

Bitcoin (BTC) $6 821,91 USD (-6,41%)

 

Ethereum

 

Ethereum (ETH) $155,75 USD (-8,62%)

 

XRP

 

XRP (XRP) $0,184108 USD (-7,66%)

 

Bitcoin Cash

 

Bitcoin Cash (BCH) $230,98 USD (-11,06%)

 

Litecoin

 

Litecoin (LTC) $41,55 USD (-9,70%)

 

Current price

[crypto coins=”BTC,LTC” columns=”2″]

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