Crypto market capitalization or "crypto market cap" for short is a widely used metric that is commonly used to compare the relative size of different cryptocurrencies. On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage. Dec 10, · Bitcoin has bounced off the SMA on the 4-hour chart, renewing the mission to new yearly highs. Ethereum has recovered from the dip to $ but hit a . rows · The global crypto market cap is $B, a % decrease over the last day.
Crypto market btcBitcoin Dominance Index Chart — TradingView
As I expect Bitcoin continue to show strength and reach new ALT this year and push forward to its k goal, Looks like Bitcoin will continue to outperform alt coins for the short term. But don't be discouraged, as long as your alt coins keep going up against the dollar, you are winning Normally the Alt Season Start on December this is 3 years in row trends.
BTC dominance is at supply zone, previously many times it rejected frm same zone. Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart.
Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with Some Elliott Wave for you. Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions.
In case if big players are fixing positions on BTC, the nearest support level is at the price values of I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for The Simple Moving Average also played a critical role in ensuring that the sharp drop was curtailed.
The Relative Strength Index confirms a short-term bullish outlook after bouncing off the oversold area. The primary support at the SMA remains vital. Moreover, continued trading beneath the SMA may leave the bulls exhausted, thus creating a gap that sellers can easily explore. Ripple , like Bitcoin , is trading within a descending parallel channel as observed on the 4-hour chart.
All the effort is now channeled to breaking above the upper boundary, which coincides with the 50 SMA. The expected breakout will be invalidated if XRP closes the day below the channel's middle boundary support.
It is worth noting that XRP is not out of the woods yet despite the recovery over the last 24 hours. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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