Bitcoin Drops Below $39,000 As Crypto Markets Tank Over The Weekend
Cryptocurrency markets were hit by a sudden fall over the weekend, with the global market cap dropping 3.80% in just 24 hours and now sitting at $1.73 trillion. Bitcoin fell by 3.44% in the last 24 hours to $38,168 per coin. The second-largest token by market cap after bitcoin, Ether also showed in red by 4.8% decline. It seems the USDC stable coin is doing better than its counterpart, as it only declined by 0.05 percent in value compared to last day’s movements while USDT saw no difference at all. Related Reading | TA: Bitcoin Resumes Decline, Why BTC Could Revisit $35K The....
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The price of Bitcoin fell 3.8% on Saturday and Sunday, reaching a low point in the day at $38,000. However, over 24 hours since then, it has increased to around 39,000 dollars while Ethereum’s value decrease was 4.5%. Other top ten cryptocurrencies like XRP and LUNA decreased by 2% and 6.8%, respectively. The total capitalization of the crypto market decreased by 3.8%, to $1.71 trillion, according to CoinMarketCap. Bitcoin’s dominance index sunk lower, from 42.9% to 42.3% over this past weekend. Related Reading | Bitcoin Drops Below $39,000 As Crypto Markets Tank Over....
Following recent declines in price, WAVES climbed higher to start the weekend, as crypto markets moved marginally higher. Some of the biggest contributors to the gains were EOS and GMT, which both rose by over 6%.
EOS
EOS rose for a second consecutive session to start the weekend, as prices raced to their highest level in over ten days.
After trading at a low of $2.34 on Friday, EOS/USD raced to an intraday peak of $2.52 during Saturday’s session.
This is the most EOS has hit since April 7, and comes after prices moved away from the long-term support....
The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after dropping to a low of $22,879 on December 23. BTC is up over 3.7% today, over 28% for the last 30 days, and 124% for the last 90 days. At the time of publication, BTC is swapping between $24,150 to $24,350 per coin. The overall market capitalization of....
Following a weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level. Cryptocurrencies were mainly in the green to start the week, as bulls seemingly bought the weekend’s dip. ETH was almost 15% higher in today’s session. Bitcoin Bitcoin rebounded from recent drops to start the week, as prices were once again trading above the $20,000 level. Following a low of $19,232.30 during Sunday’s session, BTC/USD has rallied to an intraday high of $20,913.32 on Monday. This rally saw the world’s largest crypto token regain momentum,....
Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session.
Bitcoin
BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs.
On Saturday, BTC/USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49.
Following four consecutive days of gains,....