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Market Overview 12.3.| BTC / USD – Massacre on indexes and Bitcoin continue, commodities joined!

2 min read
Market Overview 12.3.| BTC / USD - Massacre on indexes and Bitcoin continue, commodities joined!

overview of terms

Today we will see how Bitcoin was doing yesterday and how it reacted to world markets. The fall in Bitcoin began in the evening by breaking the support to $ 7,800. How far can we go? Where will the nearest support be?

 

Cryptocurrency market currently has a total market value of $ 218 billion. Since yesterday’s survey, we have seen a decline of $ 7 billion. We did not have such a slump in 2020. The decline from high in 2020 is $ 88 billion and bitcoin dominance is 64.6%.

 

The best growth yesterday was:

Bleeding started again, at least yesterday it seemed. Bitcoin fell slightly throughout the day (-1.16%). Many of the less capitalized coins responded to the Bitcoin plunge, adding a more than one percent drop. Only a few altcoins are not affected by this slump.

 

Aave

 

Aave (LEND) $0,038526 USD (43,70%)

 

Waves

 

Waves (WAVES) $1,27 USD (6,46%)

 

Bytecoin

 

Bytecoin (BCN) $0,000361 USD (4,65%)

 

The biggest drop was recorded:

THETA

 

THETA (THETA) $0,095656 USD (-13,40%)

 

Swipe

 

Swipe (SXP) $0,736961 USD (-9,95%)

 

Golem

 

Golem (GNT) $0,045214 USD (-11,14%)

 

v.systems

 

v.systems (VSYS) $0,032670 USD (-9,50%)

  

All datas are from coinmarketcap.com

 

World markets yeterday

Bleeding continue to index, commodities joined. Bitcoin is exactly following again. The situation on world markets is not improving, quite the contrary. The slump continues and more and more daily percentage losses are added in response to further economic constraints. These have considerable impacts on individual countries and entrepreneurs.

SP500: -4,8%

NASDAQ: -4,22%

DOW J.: -5,53%

OIL: -5,5%

GOLD: -0,44%

DXY +0,08%

 

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

 

So here we are, Bitcoin has not keeped $ 7,800 support and we are currently seeing a slump. The current slump for yesterday is only 1.16%, but altcoins fell much more. We also observe more capitalized coins and these have an average of 2-5% losses. The situation is all the more serious because it looks like the beginning of the downturn and it can get badly overnight.

 

We also expect that we can continue the decline today. We see the closest support at $ 7,400 – $ 7,000. It seems that the situation in the world and in the world markets is much more serious than anyone thought before, and at the moment the slump suggests it.

 

Market Overview 12.3.| BTC / USD - Massacre on indexes and Bitcoin continue, commodities joined!

 

 

Current prices

[coinlib-widget type=0 coinid=859 prefcoinid=1505 width=400 dark=0]

 

 

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