Thursday in the torturous twists of crypto, Bitcoin (BTC) was a few hundred dollars away from reaching $39,000 when the day began, after falling as low as $37,500 the day before. Halfway into the first quarter (first six hours), BTC made it to $39,500, with no interruptions along its way, before finally facing resistance. From there, “Bit” would dip to about $38,500 but quickly find support, trading sideways after in a tight channel between $38,500 and $39,000, respectively. By this point, it was halfway into the third quarter, at which time the bulls boosted the asset to $39,100, where it would face resistance. Fortunately for the bears, albeit at the expense of the bulls, the “orange coin” would end the day rolling rapidly down the chart, missing support at $38,000, then $37,000, until it was a few hundred dollars away from $36,000, on its way down, going into Friday. BTC is now down 6% for the week and 32% for the month, but still up 279% for the year, with a marketcap of just over $684 billion. Bitcoin dominance, meanwhile, is up half a percent since yesterday, currently at 40.6% versus all the cryptos.
Shifting focus to Ether (ETH), the asset was only 50 dollars short of $2,900 when the day started, on its way up the chart, after falling as low as $2,700 the previous day. By the third hour on Thursday, ETH fell just short of $2,900, before getting rejected and sent back down to $2,800, where it would find support with an hour left to go in the first quarter. The second and third quarters were erratically volatile for ETH, with the asset going from $2,800 to $2,850, only to fall back to $2,800, then climb up to $2,870 with one hour left in the third quarter, leaving an uneven ‘M’ shape behind on the chart. As was the case for “Bit” brother, the bears would reign victorious at the end of ETH’S day, with the asset falling massively in the final quarter, losing support at $2,800, then $2,700, even sinking as low as $2,630, while still going down, leading into Friday. ETH, now down 5% for the week and 19% for the month, is still up 971% for the year, with a marketcap of $302 billion.
After a strong day in the market for the altcoins, Thursday was a disaster for the Top-100 by marketcap, with 90% of them closing the day in red. With ten double-digit percentage losers from that list, there was only one winner in that category, Filecoin (FIL), which went up 24% in the last 24 hours. The biggest losers of the day were as follows, in order of larger-sized marketcap assets first: Dogecoin (DOGE) went down 15%, Polkadot (DOT) ~ 13%, Uniswap (UNI) ~ 11%, Bitcoin Cash (BCH) ~ 10%, Chainlink (LINK) ~ 12%, Litecoin (LTC) ~ 11%, Stellar (XLM) ~ 12%, Ethereum Classic (ETC) ~ 10%, Monero (XMR) ~ 10% and Aave (AAVE) went down 11% going into Friday. The total marketcap of all cryptoassets, meanwhile, is down 7% since the day priory and currently at $1.69 trillion.
- BitcoinBTCafterFallingAsLowAs$37,500Reaches$39,500ThursdayOnlyToFallMassivelyInTheFinalQuarterAndEndDayBelow$37,000andGoingDownWithTotalMarketcapOf$684billion
- EtherETHafterFallingTo$2,700thePreviousDayMadeItToTheEdgeOf$2,900ThursdayBeforeFallingMassivelyAroundSameTimeBTCdidBelow$2,650andStillFallingWith$302billionMarketcap
- TheAltcoinsInTheTop100hadAnAwfulDayThursdayAfterHavingAnOutstandingDayPriorWith90%oThemClosingTheDayInRedWith10doubleDigitLosersAnd1DoubleDigitWinnerFilecoinFILUp24%
http://coinmarketcap.com/