The BTC quotes on Monday are hovering near 30,313 USD.
The market failed to continue skyrocketing though it still had all reasons to do so. Last week, the resounding victory of Ripple over the SEC in court provided the cryptocurrency sector with a mighty momentum. More than that, the crash of the USD also facilitated the flow of money to digital assets.
The technical boundary at 31,150 USD was tested but the next one at 31,500 USD remained intact, pushing BTC back.
The daily price chart is giving signals for a decline. It is high time to turn to the support level near 29,800 USD. For the flagship cryptocurrency to start growing again, it needs to secure above 31,000 USD.
The cryptocurrency market capitalisation amounts to 1.220 trillion USD. The BTC share remains at 48.5%, while the ETH share has dropped to 19.1%.
Free Reports:
The capitalisation of the Coinbase cryptocurrency exchange has increased to 25 billion USD from under 7 billion USD at the beginning of the year. Just last Thursday, the capitalisation of the exchange platform surged 20%.
The total cost of assets blocked in smart contracts (TVL) of the Cardano network increased to 209 million USD. This is the annual high. In January this year, the digit was assessed at no more than 50 million USD.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets On Thursday, the US stock market closed higher. By the end of the…
By Analytical Department RoboForex Gold continued its decline on Friday, falling to 4,619 USD per…
By Ji Y. Son, California State University, Los Angeles and Alice Xu, University of California,…
By JustMarkets On Wednesday, the US stock indices mostly rose, with the S&P 500 and…
By Analytical Department RoboForex GBP/USD held at 1.3528 on Thursday following an overnight decline. The…
By Hélène Nguemgaing, University of Maryland and Alan Collins, West Virginia UniversityThe United States is…
This website uses cookies.