Today we will mainly see how Bitcoin is doing. This week, Bitcoin calmed down and settled above $ 6,000 after the world markets received financial injections from central banks.
Crypto market currently has a total market value of USD 184 billion. The decline from high in 2020 is $ 122 billion and bitcoin dominance is 65.5%.
The best growth yesterday was:
Augur (REP) $10,85 USD (23,94%)
Numeraire (NMR) $16,48 USD (21,55%)
Quant (QNT) $2,98 USD (18,73%)
Enjin Coin (ENJ) $0,089374 USD (12,60%)
Synthetix Network Token (SNX) $0,562321 USD (11,34%)
The biggest drop was recorded:
EDC Blockchain (EDC) $0,012871 USD (-23,15%)
Swipe (SXP) $0,511104 USD (-10,16%)
Holo (HOT) $0,000323 USD (-4,88%)
All datas are from coinmarketcap.com
World markets yeterday
SP500: 3,4 %. NASDAQ: 1,33 %. OIL: 1,1 %. GOLD: -0,65 %. DOW J.: 4,72 %
Bitcoin fell to $ 6,000 after falling to $ 3,800 and is now at $ 6,600. We see a similar reassurance in the NASDAQ, DOW J. and SP 500 indices. The momentary movement in the channel to the side can also be seen in world markets.
But there is one fundamental question. How long will central banks implement quantitative easing to subsidize the state and businesses? It is just a patch and, in the long run, we will probably go down how the situation around coronavirus in the US and Europe will escalate. But only time will tell how it will eventually be. But at the 2 – 3 month horizon, I assume that investors will be negative.
[BTC / USD] In 2020 to present value: -6,85%
Bitcoin barely moved yesterday and mostly consolidated to $ 6,650. We expect that until Sunday Bitcoin values will not move significantly and we will consolidate. We expect the next significant movement on Sunday – the day before the opening of world exchanges. We see the resistance zone at $ 7,100 and support at $ 6,000.
Selected coins from top capitalization yesterday:
Bitcoin (BTC) $6 177,23 USD (0,13%)
Ethereum (ETH) $131,97 USD (-0,63%)
XRP (XRP) $0,157134 USD (1,06%)
Bitcoin Cash (BCH) $218,52 USD (1,41%)
Litecoin (LTC) $38,16 USD (-0,10%)
[crypto coins=”BTC” columns=”1″]