Friday in the fallen falcons of crypto, after dropping suddenly from $55,000 to $48,000 the previous day, Bitcoin (BTC) was eager to fly again, soaring to $50,111 by the fourth hour of the day. In its first correction on Friday, BTC found support at $49,088, making what technical analysts call a higher low. At this point, it was the seventh hour, at which time “Bit” started to rise some more, this time making a higher high at $51,042. After a small correction was unable to drop BTC below $50,485, “Bit” went flying again, this time reaching $51,191 with one hour left to go in the third quarter (13th-18th hour). After a steep slip had BTC at $49,949 by the 19th hour, the bulls came quickly to the rescue, pushing BTC back above $50,000 going into the weekend. After a tough week in the markets, BTC is down 17% for the week, with a marketcap that has slipped below $1 trillion and is now hovering at $941 billion. Bitcoin dominance, meanwhile, is currently sitting at 48.7% versus all the cryptos.
Moving on to Ether (ETH), after falling from a new all-time high (ATH) of over $2,600 to $2,200 on Thursday, ETH continued to fall, starting Friday falling from $2,200 to $2,150 in the first hour. At this point, ETH was ready to climb back up the chart, reaching $2,300 before the end of the first quarter. After a minor correction took ETH down to $22,33 in the seventh hour, the bulls were quick to pick the asset up, bringing it as high as $2,363 by the start of the third quarter. ETH would eventually fall to $2,270 by the final quarter, however, at which time it casually rose back above $2,300 going into Saturday. Still down 4% for the week, ETH’s marketcap is at just over $270 billion.
After getting wrecked the previous day, the altcoins tackled Friday with a vengeance, with 90% of the projects in the Top-100 by marketcap ending the day in green. The following is a list of the biggest winners for the day, in order of larger-sized marketcap assets first: Dogecoin (DOGE) went up 17%, TRON (TRX) ~ 12%, Monero (XMR) ~ 13%, Klatyn (KLAY) ~ 17%, BitTorrent (BTT) ~ 30%, Cosmos (ATOM) ~ 11%, Bitcoin SV (BSV) ~ 10%, Crypto.com (CRO) ~ 11%, PancakeSwap (CAKE) ~ 16%, Compound (COMP) ~ 20%, Celsius Network (CEL) ~ 14%, Holo (HOT) ~ 18%, Pirate Chain (ARRR) ~ 28%, Hedera Hashgraph (HBAR) ~ 10%, Enjin Coin (ENJ) ~ 10%, Polygon (MATIC) ~ 15%, Zilliqa (ZIL) ~ 11%, Amp (AMP) ~ 14%, Basic Attention Token (BAT) ~ 17%, Siacoin (SC) ~ 15%, Waves (WAVES) ~ 21%, WazirX (WZR) ~ 17%, Helium (HNT) ~ 24%, Nano (NANO) ~ 18%, WinK (WIN) ~ 54%, Harmony (ONE) ~ 14% and Ankr (ANKR) went up 15% leading into Saturday. The total marketcap of all cryptoassets now sits at just over $1.93 trillion.
- BitcoinBTCpicksBitSelfUpAfterFalling$7kAtTheEndOfThePreviousDayStartsFridayAt$48kButClosesDayAbove$50kWithBTCdominanceAt48.7%versusTheRestOfTheCryptoassets
- EtheremETHhasBullishFridayAsWellAfterMakingNewAllTimeHighThePreviousDayButFallingWithBitcoinTowardsTheEndOfThursdayTo$2,200closesSaturdayAbove$2,300WithMarketcapOver$270B
- AltcoinsHitTheChartsRunningOnFridayWithRoughly90%ofTheProjectsInTheTop100byMarketcapEndedTheDayInTheGreenWith25%ofThoseTokensEndingFridayUpWithDoubleDigit%GainsStartingWithDogecoinRising17%
http://coinmarketcap.com/