Saturday in the supernatural similes of crypto, Bitcoin (BTC), after starting the day at $57,747, climbed all the way up to above $59,200 in a matter of seven hours. From there, BTC took a steep fall back to just under $58,000 where it quickly found support two hours later. In its next leg-up, “Bit” made it back above $59,100 in the eleventh hour. The remainder of the day was unusually stable for the “orange coin,” as the asset steadily traded sideways along $59,000, gradually dipping to $58,500 at the end of the day. BTC is now up 1% for the week, just about even for the month and up 494% for the year, with a total Thursday in the think tanks of crypto, Bitcoin (BTC) was trading sideways along $56,600 when the day began, continuing with that motion in the first hour. Soon enough, however, BTC began to gradually rise, making it all the way up to $58,000 three hours later. Resistance was unkind to the “orange coin” at that level, however, as the asset spent the next ten hours rolling down the chart until “Bit” finally found support at around $56,000 early into the third quarter (14th hour). From there, BTC spent the next couple of hours climbing back up to $56,500, where it got rejected and sent back down to $56,000 leading into the last quarter. After falling as low as $58,850, BTC managed to steadily make its way back up in the final hours, tapping $56,250 on an upward trajectory going into Friday. BTC is now up 4% for the week, down 4% for the month, but still up 511% for the year, with a marketcap of over $1.04 trillion. Meanwhile, Bitcoin dominance slipped .9% since the previous day, currently at 42.8% versus all cryptoassets.
As for Ether (ETH) on Thursday, the asset had just found support at $3,400 leading up to the new day, after making another all-time high (ATH) for the ninth consecutive day, at $3,527 most recently. Sure enough, with momentum on its side, ETH started the day bullheaded, wasting no time making it back above $3,500 by the fifth hour. After a small pull-back, ETH continued on its mission to make its tenth ATH ten days in a row, and, one hour into midday, it did just that, marking $3,574 as its latest conquest. With selling pressure heating up at the top, ETH fell back down to around $3,475 but quickly bounced off support and went back above $3,500 leading up to the final quarter. From there, ETH would fall again, this time a bit deeper, but would catch itself above $3,400 with a few hours left in the day. To end the day on a positive note, ETH gradually made its way back toward $3,450 going into Friday. After making a record-breaking ten ATHs ten days in a row, ETH is now up 25% for the week, 63% for the month and 1,619% for the year, with a total marketcap of just under $399 billion.
Taking a page out of ETH’s book of bullishness, the altcoins had a mighty day, with most of the projects in the Top-100 ending the day in green. Even stronger than that, roughly 20 projects from that list closed Thursday with substantial gains, which were as follows, in order of larger-sized marketcap first: Etheruem Classic (ETC) went up 38%, VeChain (VET) ~ 13%, Tron (TRX) ~ 12%, EOS (EOS) ~ 29%, Monero (XMR) ~ 17%, Tezos (XTZ) ~ 13%, BitTorrent (BTT) ~ 16%, Dash (DASH) ~ 12%, Qtum (QTUM) ~ 64%, Sushi (SUSHI) ~ 12%, Amp (AMP) ~ 17%, Basic Attention Token (BAT) ~ 10%, Ontology (ONT) ~ 25%, OMG Network (OMG) ~ 29%, XDC Network (XDC) ~ 25%, Verge (XVG) ~ 16%, Lisk (LSK) ~ 27% and Bitcoin Diamond (BCD) went up 17% going into Friday. The total marketcap of all cryptoassets, meanwhile, went up 1% since the previous day, currently at above $2.44 trillion.
- BitcoinBTCstartsDayAtAround$56,600MakesItAsHighAs$58,000beforeEndingDayBackDownAround$56,250withBTCdominanceAt42.8%versusAllTheCryptos
- EtherETHstartsDayAt$3,400aimingFor10thAllTimeHighFor10thDayInrRow&GetsItAt$3,527beforeEndingDayBackDownAround$3,450withMarketcapAtAlmost$400billion
- AltcoinsHaveOneOfTheirBetterDaysMajorityOfTokensEndThursdayInTheGreenWithAbout20doubleDigit%GainersBiggestOnesBeingEthereumClassicETCup38%andQtumQTUMup64%
https://www.coingecko.com/en