March 2, 2021

Cryptheory

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Market overview 31.3.| Bitcoin and NASDAQ – A good start this week supported by the growth of the world market!

2 min read
Market overview 31.3.| Bitcoin and NASDAQ - A good start this week supported by the growth of the world market!

overview of terms

Today, let’s see how the beginning of the trading week for the cryptocurrency market and NASDAQ was opening. Bitcoin is again above $ 6,200.

 

Cryptocurrency market currently has a total market value of $ 177 billion. The decline from high in 2020 is $ 129 billion and bitcoin dominance is 65.5%.

 

The best growth yesterday was:

Streamr DATAcoin

 

Streamr DATAcoin (DATA) $0,045412 USD (18,43%)

 

ICON

 

ICON (ICX) $0,210416 USD (13,24%)

 

Energi

 

Energi (NRG) $1,87 USD (12,42%)

 

Quant

 

Quant (QNT) $3,75 USD (9,94%)

 

The biggest drop was recorded:

Steem

 

Steem (STEEM) $0,165253 USD (-4,25%)

 

Status

 

Status (SNT) $0,017715 USD (-1,51%)

 

WAX

 

WAX (WAXP) $0,029423 USD (-1,44%)

 

All datas are from coinmarketcap.com

 

World markets yeterday

 

SP500: 2,59 %. NASDAQ: 3,47 %.  OIL: -8,29 %. GOLD: -0,4 %. DOW J.: 2,24 %

 

The following chart shows Nasdaq’s performance in 2020. The chart shows a loss of up to 30% since the high of 2020. This loss has now decreased as central banks began to release huge amounts of money to support the fight against the recession.

 

Market overview 31.3.| Bitcoin and NASDAQ - A good start this week supported by the growth of the world market!

 

What we are most interested in is the Monday opening of the markets. As we can see on the chart, the beginning was very fast and investors entered the long with great conviction. This growth was only 1.5%, but during the day investors increased it to almost 3%. But it is still very careful from bulls. We see the closest resistance at $ 7,933.

 

Market overview 31.3.| Bitcoin and NASDAQ - A good start this week supported by the growth of the world market!

 

[BTC / USD] In 2020 to present value: -10,45%

 

Bitcoin climbed again above $ 6,000 yesterday after falling to $ 5,850 this weekend. It is currently (at the time of writing) 6,340 USD. As we can see, the channel is still unchanged and the $ 5,800 support remains valid. Resistance is at $ 6,800-7,100 – not even this value does not change, so Bitcoin can go within this channel. It’s good that the bulls calmed down. But if they fail to break resistance, there will be a big fall to $ 5,500.

 

Market overview 31.3.| Bitcoin and NASDAQ - A good start this week supported by the growth of the world market!

 

Selected coins from top capitalization yesterday:

Bitcoin

 

Bitcoin (BTC) $6 177,23 USD (4,04%)

 

Ethereum

 

Ethereum (ETH) $131,97 USD (2,93%)

 

XRP

 

XRP (XRP) $0,157134 USD (1,19%)

 

Bitcoin Cash

 

Bitcoin Cash (BCH) $212,02 USD (5,18%)

 

Litecoin

 

Litecoin (LTC) $38,40 USD (1,64%)

 

 

Current price

[crypto coins=”BTC” columns=”1″]

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