Tuesday in the trusted testament of crypto, Bitcoin (BTC) was at $38,400 when the day began, and made it as high as $39,000 in the first quarter (first six hours), before correcting back down to $38,800 by midday. In the second-half, things would get worse for the world’s largest crypto before they got better, as the “orange coin” fell some more but was quick to bounce off support at $38,500 in the third quarter. It was at this point when the bulls came back into the picture, with full force, sending “Bit” skyrocketing up the chart, pumping sharp and fast, all the way up to $42,000 going into Wednesday. Despite a strong finish in the markets, with BTC going up by almost $4,000, the asset is still down across the board on all time frames: 7% for the week, 2% for the month and 21% for the year, with its marketcap at $788 billion.
Like BTC, Ether (ETH) was at the will of the bears when the clock turned Tuesday, attempting to break through $2,600 in the first quarter, from $2,530 where it started, but failing and falling back down to $2,550 around midday. After trading sideways along that price level in the third quarter, trying to figure out which way go, ETH got the message from the one above (BTC) to make like an eagle and soar to success, reaching as high as $2,725 in the fourth quarter, before settling at $2,700 going into the new work day. ETH, while down 9% for the week and 11% for the month, is still up 48% for the year, with its marketcap at $325 billion.
With BTC and ETH ending the day with a bang, it comes as no big surprise that the Top-100 altcoins by marketcap closed with the majority of them in green. From that list, there was a healthy number of double-digit percentage winners as well, 10 to be specific, which included, in order of larger-sized marketcap assets first: Terra (LUNA) up 21%, Avalanche (AVAX) ~ 10%, Uniswap (UNI) ~ 11%, ECOMI (OMI) ~ 21%, Arweave (AR) ~ 21%, Zcash (ZEC) ~ 20%, NEXO (NEXO) ~ 14%, Kadena (KDA) ~ 15%, Dash (DASH) ~ 15% and Synthetix (SNX) went up a healthy 20% to wrap up another day in crypto. The total marketcap of all cryptoassets, meanwhile, went up a massive 7% in the last 24 hours, currently standing at $1.904 trillion.
- Bitcoin(BTC)afterStartingTuesdayAt$38,400climbsTo$39,000onlyToFallTo$38,500thenSkyrocketAllTheWayUpTo$42,000whereItWouldCloseDownAcrossTheBoard:7%forTheWeek/2%forTheMonthAnd21%forTheYearWithMarketcapAt$788billionAndBitcoinDominanceAt41.4%versusAllCryptoassets
- Ether(ETH)kicksOffTheDayAt$2,530andGetsCloseTo$2,600butGetsRejectedAndSentBackDownTo$2,550beforePumpingBalisticallyInBitBrother’sFootstepsAndEventuallyRetiringAt$2,700nowDown9%forTheWeekAnd11%forTheMonthButStillUp48%forTheYearWhileItsMarketcapIsAt$325billion
- TheAltcoinsCloseTuesdayWith90%ofTheTop100inTheGreenWhileThereWereEven10doubleDigitWinnersAmongThem:LUNA/AVAX/UNI/OMI/AR/ZEC/NEXO/KDA/DASHandSNXwithNoBigLosersUnsurprisnglyWhileTheTotalCryptoMarketcapWentUp7%toWhatHasNowBecome$1.904trillion
https://www.coingecko.com/