In today’s market overview, we’ll look at how the Altcoins were doing and how Bitcoin pulled up to $ 7,000. At the moment we will fight with channel resistance. Will bulls pull it this time up to 7500 USD? NASDAQ plus.
Crypto market currently has a total market value of $ 196 billion. The decline from high in 2020 is $ 110 billion and bitcoin dominance is 65.7%.
The best growth yesterday was:
Swipe (SXP) $0,515224 USD (34,86%)
Digitex Futures (DGTX) $0,043297 USD (32,55%)
Blockstack (STX) $0,097238 USD (16,35%)
Bitcoin SV (BSV) $183,13 USD (14,02%)
The biggest drop was recorded:
After a very long time, we have a situation here again, with no coin from the top 100 according to capitalization lost yesterday. The only thing that has fallen are stablecoins, which are not worth $ 1, but $ 0.97. This is a sign that during the day yesterday large amounts of money were withdrawn from stable coins and moved to the Altcoins and Bitcoin itself.
World markets yeterday
SP500: +0,68 %. NASDAQ: +0,40 %. OIL: +16 %. GOLD: +1,58 %. DOW J.: +0,88 %
Even in the morning, world markets were in decline. In the last 3 days we have seen a 7% drop, but in the afternoon and evening the situation calmed down and the 3-4% drops are already in 1% growth.
[BTC / USD] In 2020 to present value: -2%
Bitcoin yesterday by up to $ 850 in growth, up to an incredible 12% in 24 hours. As we can see on patterns A, A and then Y, Y it is a copy of the previous cycle and it is possible to assume a subsequent fall.
But at the moment there is a chance that the bulls will want to break through now and finally leave the channel we were in. I explained everything directly to the chart. The closest resistance is at $ 7,000 and support remains at $ 5,800. We’ll wait until tomorrow for the decision. If we exceed $ 7,000-7,100, Bitcoin could grow to $ 8,000.
Selected coins from top capitalization yesterday:
Bitcoin (BTC) $6 177,23 USD (12,84%)
Ethereum (ETH) $131,97 USD (11,59%)
Litecoin (LTC) $38,40 USD (10,06%)
[crypto coins=”BTC” columns=”1″]