AB News Fire – Your reliable information source
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Fashion
  • Finance
  • Health
  • More
    • Entertainment
    • Home Improvement
    • Law \ Legal
    • News
    • Shopping
    • Sports
    • Technology
    • Travel
  • Write To Us
Facebook Twitter Instagram
AB News Fire – Your reliable information source
  • Home
Facebook Twitter Instagram
SUBSCRIBE
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Fashion
  • Finance
  • Health
  • More
    • Entertainment
    • Home Improvement
    • Law \ Legal
    • News
    • Shopping
    • Sports
    • Technology
    • Travel
  • Write To Us
AB News Fire – Your reliable information source
Home»Crypto»The Crypto Market Turns Green and Gives Investors a Breath
Crypto

The Crypto Market Turns Green and Gives Investors a Breath

By No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

The crypto market has been struggling to find desired strength and momentum, as Bitcoin went under $20,000 over the weekend. However, the market has now posted some green candles. The global crypto market cap is close to the $879 billion mark. It recovered to over $900 billion but retraced back again. Furthermore, positive momentum was felt across the crypto and DeFi industry.

Bitcoin slightly recovered to move past the $20K mark. But it is currently valued at around $19,400. The market cap of the coin is over $370 billion, and its 24-hour trading volume is around $25 billion. The dominance of the leading crypto token is about 42.10%.

Bitcoin is still a long way from its price mark of ten days ago. At that time, the coin crossed $21K. Many crypto geeks believed that the market has bottomed out. But the coin fell again in the following days. Therefore, this slight movement upward has given a sigh of relief to investors.

BTCUSD crypto market

Crypto Market Positivity Might Not Live Long Enough

Despite recent performances, many experts believe that the market has the tendency to go further lower. Their analysis might just be proven as the market has started consolidating already. Almost all major coins are way below their last week’s prices.

Ethereum is hovering around the $1,100 mark but has shed 10.50% during the last seven days. BNB, ADA, and XRP have also shed their value. However, SOL, AVAX, and DOT lost the highest percentage value. The Solana Blockchain is being hit with hacking attempts continuously. Thus, it is having a toll on the performance of SOL.

On the other hand, MATIC has performed much better than other coins. The coin is ranked number 18 in the list of top cryptocurrencies by market cap. Also, it has touched the 50 cents mark to attract more potential investors and traders. Moreover, ATOM has also gained some strength. The token is still green in daily and weekly price fluctuations. At the time of writing, the coin is valued around $8.50.

The coming few days are critical for the entire crypto market. Many experts anticipate long red candles for top coins in the coming days. Therefore, it is essential for these coins to hold local support levels. The macroeconomic conditions have had an adverse impact on the crypto industry. Most of the coins are way below their all-time highs. The performance of Bitcoin in the coming days will be an influencing factor in the overall sector.

[ad_2]

Source link

Related Posts

Bankrupt BlockFi Gets the Approval to Set Up an Auction for Mining Business

January 31, 2023

Celsius Misled Investors, a Bankruptcy Examiner’s Report Shows

January 31, 2023

Twitter to introduce payments across the platform. Will cryptocurrencies be integrated?

January 31, 2023

Comments are closed.

Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Creative ways to use puzzle toys for dogs

April 19, 2023

Proton EV roadmap – to start with MHEV, then PHEV and BEV; targeting Malaysia as an EV RHD hub

February 1, 2023

2023 KTM 390 Adventure revised, new spoked wheels

February 1, 2023

Perodua has 220k outstanding bookings – will absorb SST for deliveries after March 31, including new Axia

February 1, 2023
Recent Posts
  • Creative ways to use puzzle toys for dogs
  • Proton EV roadmap – to start with MHEV, then PHEV and BEV; targeting Malaysia as an EV RHD hub
  • 2023 KTM 390 Adventure revised, new spoked wheels
  • Perodua has 220k outstanding bookings – will absorb SST for deliveries after March 31, including new Axia
  • 2024 Mazda CX-90 debuts – new three-row SUV; 3.3L turbo mild hybrid inline-six, 2.5L PHEV; standard AWD
Archives
  • April 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • September 2021
Facebook Twitter Instagram Pinterest
  • Home
© 2022- AB News Fire- All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.