Tuesday in the thoroughgoing treatise on crypto, Bitcoin (BTC) was on its way down from $50,000 from the previous day, unable to find support until it dropped all the way down to $46,000, a fall of $4,000 in just the first four hours of the day. Bouncing off support, BTC was able to make it all the way back up to $49,350, only to get rejected and pull back to $45,700, with the “orange coin” making a lower-low than its previous one. In its next leg-up, the bulls came back with a vengeance, pumping “Bit” back up above $50,000 and even seeing it make it to almost $51,000 before facing resistance. By this point, there were only a few hours left in the night, time which BTC used to stay above $50,000, even momentarily tapping a daily high of $51,220 but pulling back to $50,500 going into Wednesday. Still up 9% for the week, BTC is up 58% for the month and 411% for the year, with a marketcap of over $944 billion. Bitcoin dominance, meanwhile, has fallen by .6% since yesterday, currently at 59.8% versus the entire crypto sector.
Looking at the Ether (ETH) chart for the day is almost like looking at Bitcoin’s but on a smaller scale. On a downward slope like BTC at the start of Tuesday, ETH went from $1,600 all the way down to $1,450 before finally finding support. Like BTC, however, it pumped back up, making it to the edge of $1,600 only to get tossed back down to where it came from, the $1,450 level, leaving a W-shaped impression behind on the chart just as BTC did. And, like BTC again, ETH was to end the day on a positive note, using its last leg-up to climb back up all the way to $1,650, with only a few hours left in the night. From that point, ETH managed to trade mostly sideways for whatever time was left of the day, staying above $1,600 going into Wednesday. Now up 20% for the month, ETH is up over 509% for the year, with a marketcap of over $191 billion.
As for the altcoins on Tuesday, Wednesday was a fruitful day for the “other” cryptoassets, with 95% of the the Top-100 by marketcap ending the day in green. From the long list of winners on Wednesday, about two dozen managed to end the day with double-digit percentage gains. The following is a list of the projects that gained over 10% on Tuesday, in order of largest marketcap: Binance Coin (BNB) went up 22%, Polkadot (DOT) ~ 11%, Cardano (ADA) ~ 10%, Chainlink (LINK) ~ 10%, Uniswap (UNI) ~ 25%, Aave (AAVE) ~ 22%, Cosmos (ATOM) ~ 18%, OKB (OKB) ~ 14%, Solana (SOL) ~ 28%, Monero (XMR) ~ 15%, Huobi Token (HT) ~ 11%, IOTA (MIOTA) ~ 22%, Theta (THETA) ~ 19%, Terra (LUNA) ~ 12%, Synthetix (SNX) ~ 23%, Tezos (XTZ) ~ 10%, Dash (DASH) ~ 12%, The Graph (GRT) ~ 23%, Avalanche (AVAX) ~ 21%, Elrond (EGLD) ~ 22%, Maker (MKR) ~ 20% and Compound (COMP) went up 25% going into Wednesday. The total marketcap of the entire crypto sector, meanwhile, is up 1.7% since yesterday, almost reaching $1.6 trillion.
- BitcoinBTCmassiveVolatileDayOnFeb23Loses$4KinValueInFirst4HoursOfTradingBTCdominanceSlipsByMoreThanHalfaPointByEndOfDay
- EthereumETHmovesInUnisonWithBitcoinStartingTheDayWithMassive$1,500correctionOnlyToReboundTo$1,600whereItStartedDay
- AltcoinsFromTop100performGreatDespiteBTCÐvolatility95%ofTokensOnThatListEndDayInGreen20orSoUpDoubleDigits
http://coingecko.com/