Sunday in the superficial shillings of crypto, Bitcoin (BTC) was still at $41,500, where it initially started the weekend, when the day began, after climbing all the way up from below-$38,000 on Friday. BTC started the day as uneventfully as it did the day before, spending the first-half of the day trading sideways, gradually getting as high as only $41,750 by midday. It was at this point when the bulls showed up to play however, sending “Bit” on a rocket-like trajectory all the way up to the edge of $43,000 early in the fourth quarter (last six hours of the day). After facing resistance at $42,950, the “orange coin” would roll down a tad to close the weekend at $42,700, respectively. Bitcoin is finally back in the green across the board, now up 12% for the week, 3% for the month and 9% for the year, while its marketcap is back-above $800 billion, at $807 billion more specifically. Meanwhile, Bitcoin dominance has fallen .2% in the last 24 hours and is now at 39.7% versus all cryptoassets.
The situation was a similar one for Ether (ETH) as it was for BTC when Sunday began, the second-largest crypto asset still hovering at $3,000 where it started the weekend the previous day. And, like “Bit” brother, ETH spent the first-half of the day trading rangebound around $3,000, barely going $20 above-or-below that price level in that time period. It was in the second-half however when ETH went ballistic, following in BTC’s path, going from $3,000 to $3,100 by the end of the third quarter. In the final hours, ETH gave back only $30 of its earnings to close the weekend at $3,070, respectively. Ether, while up 18% for the week, is still down 4% for the month, but up 83% for the year, while its marketcap is at $367 billion.
The bulls were back in town in altcoin territory Sunday as well, with 85% of the Top 100 assets-by-marketcap closing the day in the green, unlike the day before when there was an almost-even number of winners and losers. That being said, there was not much action in the double-digit percentages category relative to the amount of gainers, with only six projects closing the day up more than 10% in the last 24 hours, and no big losers, fortunately. The biggest gainers of the day were, in order of larger-sized marketcap assets first, as follows: XRP (XRP) went up 14%, Shiba Inu (SHIB) up 23%, Leo Token (LEO) up 15%, BitTorrent [Old] (BTTOLD) up 17%, Loopring (LRC) up 12% and Kadena (KDA) went up 13% to wrap up the first weekend of February. The total marketcap of all cryptoassets, meanwhile, went up 3% in the same time period and is now officially back-above $2 trillion, at $2.045 trillion, respectively.
- Bitcoin(BTC)afterStartingSundayAtTheSamePriceAsTheDayBeforeTradesSidewaysInTheFirstHalfBeforeSurgingToTheEdgeOf$43,000andClosingAt$42,700nowUp12%forTheWeek/3%forTheMonthAnd9%forTheYearWithItsMarketcapAt$807billionAndBitcoinDominanceAt39.7%versusAllCrytpoassets
- Ether(ETH)beginsItsSundayAt$3,000AroundTheSamePricePointThatETHtooLikeBTCstartedSaturdayThenWouldContinueToTradeSidewaysInTheFirstHalfBeforeSoaringTo$3,100andClosingTheDayAt$3,070nowDown18%forTheWeek/4%forTheMonthButUp83%forTheYearWithItsMarketcapAt$367billion
- TheAltcoinSectorClosesTheWeekendWith85%ofTheTop100byMarketcapInTheGreenOfWhichThereWereSixDoubleDigitWinners:XRP/SHIB/LEO/BTTOLD/LRCandKDAandNoBigLosersWhileTheTotalCryptoMarketcapWentUp3%inTheLast24hoursToBackAbove$2trillionAndIsNowAt$2.045trillionRespectively
https://www.coingecko.com/