Monday in the ministry mindfulness of crypto, Bitcoin (BTC) was at $31,300 when the day began, and traded in a tight channel between $31,250 and $31,500 for the first half of the day. BTC continued along the same path in the third quarter (13th to 18th hours) as well, before suddenly falling all the way down to $29,400 by the start of the fourth. In the final hours, “Bit” tried to position itself back above $30,000 but failed, eventually retiring at $29,500 going into Tuesday. Bitcoin, now down 7% for the week, is also down 17% for both the week and month, with its marketcap at $591 billion. Meanwhile, Bitcoin dominance is 44.3% versus all cryptoassets.
When the new week started, Ether (ETH) was trading at $1,890, and would only get as high as $1,900 before getting rejected and sent down to $1,850 around midday. After trading sideways around that price zone in the third quarter, ETH would take another massive fall late in the third, dropping all the way down to $1,750 by the start of the fourth. After getting one final leg-up for the day, ETH was stopped short at $1,760, a price point around which it would end the day. Ether is now down 11% for the week, 33% for the month and 35% for the year, with its marketcap at $214 billion.
The altcoin sector, or the Top 100 more specifically, started the week off as bearish as could be, with 95% of the bunch closing as losers. To make things worse, there were also eight double-digit percentage losers in that sea of red. The following were the biggest losers of the day, in order of larger-sized marketcap assets first: Avalanche (AVAX) ~ 11%, Internet Computer (ICP) ~ 12%, Axie Infinity (AXS) ~ 11%, Aave (AAVE) ~ 10%, Theta Network (THETA) ~ 11%, THORChain (RUNE) ~ 10%, Neo (NEO) ~ 11% and Convex Finance (CVX) ~ 11%, unfortunately. The total marketcap of all cryptoassets, meanwhile, is 44.3% versus all cryptoassets, down .2% since the previous day.
- Bitcoin(BTC)startsMondayTradingAt$31,300andStaysWithin$31,250and$31,500inTheFirstHalfBeforeSuddenlyFallingTo$29,400andRetiringAt$29,500nowDown7%forTheWeekAnd17%bothForTheMonthAndYearWithItsMarketcapAt$591billionAndBitcoinDominanceAt44.3%versusAllCryptoassets
- Ether(ETH)kicksOffTheNewWeekTradingAt$1,890andGetsOnlyAsHighAs$1,900beforeGettingRejectedAndSentDownTo$1,850thenTakingAnotherFallTo$1,750toTradeSidewaysAndEventuallyRetireAt$1,760whileDown11%forTheWeek/33%forTheMonthAnd35%forTheYearWithMarketcapAt$214billion
- TheAltcoinsCloseMondayWith95%ofTheTop100byMarketcapInRedOfWhichThereWereEvenEightBigLosersThatWentDownInDoubleDigitPercentagesDuringThatSameTimePeriodIncludingAVAX/ICP/AXS/AAVE/THETA/RUNE/NEOandCVXwhileTheTotalMarketcapOfAllCryptoassetsIsNowAt$1.275trillion
https://www.coingecko.com/