Tuesday in the tense topics of crypto, Bitcoin (BTC) was trading around $61,000 when the day began, after falling drastically from $66,000 the day before. Not its first time losing $5,000 on a bad day, BTC was quick to get back-to-business, climbing to $61,500 by the end of the first quarter (first six hours). From there, the “orange coin” went rolling right back down the chart, losing support at $61,000 and even falling below $60,000 before finally bouncing off support around $59,500 by midday. The volatility was not quite done for the day at this point however, as “Bit” got a solid leg-up from the bulls to surge right back to almost $61,000 leading up to the fourth and final quarter. Unpredictable as ever, BTC started selling-off fast again, all the way back down to $59,500 where it would close going into Wednesday. Bitcoin is now down 12% for the week and 4% for the month, yet still up 254% for the year, while its marketcap is at $1.119 trillion. Meanwhile, Bitcoin dominance is at 41.5% versus all crypto assets.
Ether (ETH), after losing $3,000 in value yesterday, was trading along $4,300 when Tuesday started, falling to $4,250 early in the day before bouncing-off support and climbing back-up over $4,300 by midday. In the second-half of the day, the bears got a stronghold on the second-largest crypto asset, selling-off till it dropped all the way down to $4,150 close to the last quarter. In the final hours of the night, ETH got back some of its gains to close the day at $4,200, respectively. Ether is now down 12% for the week, but still up 8% for the month and 802% for the year, while its marketcap is at $491 billion.
After a scary day in the markets the previous day that resulted in 95% of the Top 100 altcoins by marketcap closing in the red, Tuesday was recovery day for the bunch, with only 60% closing the day as losers. From the 40 winners, there were seven projects that closed with double-digit gains, while there was only one that lost more than 10% in that same time period. The big winners of the day were as follows, in order of larger-sized marketcap assets first: Avalanche (AVAX) went up 12%, Crypto.com (CRO) up 10%, Decentraland (MANA) up 12%, IOTA (MIOTA) up 15%, The Sandbox (SAND) up a whopping 34%, Zcash (ZEC), Curve DAO Token (CRV) up 10% and Wax (WAX) went up 10% to wrap up the day, while the only big loser of the day was Zcash (ZEC), which went down 11% going into Wednesday. The total marketcap of all crypto assets, meanwhile, is down another 3% since yesterday and currently at $2.696 trillion.
- Bitcoin(BTC)afterLosing$5,000thePreviousDayStartedTuesdayAt$61,000andHadOneOfItsMoreVolatileDaysFluctuatingFrom$61,500to$59,500beforeClosingTheDayAtTheLatterLevelUp254%forTheYearWithItsMarketcapAt$1.119trillionWithBitcoinDominanceAt41.5%versus
- Ether(ETH)kicksOffTuesdayAround$4,300afterLosing$3,000inYesterday’sSellOffandFallsAsLowAs$4,150inAnotherVolatileDayWhichSawItsPriceGoDown&UpAsHighAs$4,320beforeClosingTheDayAt$4,200up802%forTheYearWhileItsMarketcapIsHoveringAt$491billion
- TheAltcoinsInTheTop100afterClosingThePreviousDayWith95%ofThemInTheRedCloseTuesdayWithOnly60%inTheRedWhileThereWereSevenDoubleDigitWinnersAndOnlyOneLosersAlthoughTheTotalCryptoMarketcapDidGoDownAnother3%toRougly$2.696trillion
https://coinmarketcap.com/