Monday in the magniloquent messages of crypto, Bitcoin (BTC) was making its way up from $35,500 when the new week started, after falling as low as $34,300 the day before. By the 8th hour of the day, or early into the second quarter (7th to 12th hours), BTC made it all the way up to $37,000 before finally facing resistance. From there, “Bit” would trade sideways for most of the day, with shallow up-and-down price fluctuations along its way. BTC actually even managed to make it as high as $37,500 by the start of the final quarter, a price point which was filled with sell orders, however, that sent the asset back down to $36,600 with a few hours left in the day. BTC used the end of the day to its advantage, climbing back above $37,000 going into Tuesday. BTC, now down 5% for the week and 36% for the month, is still up 289% for the year, with a marketcap of $689 billion. Meanwhile, Bitcoin dominance has fallen .6% in the last 24 hours, currently at 40.8% versus all cryptoassets.
Shifting focus to Ether (ETH), it too was on its way up when Monday began, in ETH’s case climbing up from $2,450 at the jump of the day, after falling as low as $2,300 the day prior. ETH spent most of the first quarter gradually rising in value, until it reached $2,575 before resistance sent it down to 2,525 early in the second quarter. At this point, the bulls gave the asset another leg-up, seeing it climb above $2,650 before dipping to $2,600 by midday. Still equipped with energy, the bulls gave ETH another leg-up from there, seeing the asset make it above $2,700 leading up to the last quarter. The final quarter was a tug-of-war battle between the bulls and the bears, with one unwilling to give the other an edge, as ETH eventually closed the day right around $2,700 where it started the quarter, albeit a little lower, and looking down leading into Tuesday. ETH, while up only 1% for the week, is still down 10% for the month, but up over 1,000% for the year, with a marketcap of over $307 billion.
With BTC and ETH closing the day up more than $1,000 in the last 24 hours, respectively, the Top-100 by marketcap had a strong day as well, with 90% of that list ending Monday as winners. From the long list of gainers, there were even a dozen assets that closed the day up in double-digit percentages, which were the following, in order of larger-sized marketcap assets first: Polkadot (DOT) went up 10%, Chainlink (LINK) ~ 10%, VeChain (VET) ~ 10%, Theta (THETA) ~ 12%, Aave (AAVE) ~ 13%, Shiba Inu (SHIB) ~ 14%, Cosmos (ATOM) ~ 11%, Kusama (KSM) ~ 17%, PancakeSwap (CAKE) ~ 10%, Terra (LUNA) ~ 10%, Theta Fuel (TFUEL) ~ 15% and, to cap off the list, WazirX (WRX) went up a whopping 59% going into Tuesday. The total marketcap of all cryptoassets, meanwhile, is up a hefty 15% since the previous day, currently hovering around $1.69 trillion.
- BitcoinBTCafterStartingDayGoingUpFrom$35,500getsAsHighAs$37,500beforeClosingMondayAtAround$37,000withMarketcapOf$689billionAndBTCdominanceAt40.8%versusAllCryptos
- EtherETHhasGoodDayLikeBTCgoesFrom$2,450toHigherThan$2,700beforeClosingTheDayJustBelowThatLevelNowDown10%ForTheWeekButStillUpOver1,000%forTheMonth
- AltcoinsInTheTop100byMarketcapHaveStrongDayInTandemWithBTCAndETHwith90%ofTheProjectsClosingTheDayInGreenWithAboutDozenDoubleDigitWinners
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