The marketcap has been moving up (5.3%) since yesterday. The total capitalization is 204 935 081 309 USD.
Bitcoin totals 136 344 545 436 USD of capitalization for a dominance of 66.5%. Ethereum’s marketcap is 16 700 929 974 USD, followed by Ripple with 9 837 735 818 USD.
The BTC closed higher and is trading at around $7470. The BTC has passed the 7400$ and is evolving just above this level. If it’s holding we have our new support.
The daily technical situation seems rather positive. Indicators show an increase or signs of recovery for the MACD.
On a 4-hour horizon, the technical situation is positive despite a declining CCI. In addition we can notice a shoulder-head-shoulder.
What to do about it?
If the 7400$ level holds, it will be used as support and the BTC would then be bullish.
ETH closed up and is currently trading at $152.35. If the level holds, ETH will go in the same direction as the BTC and the $152 level would then be our new support.
The daily technical situation is rather positive and remains positive over a time horizon of 4 hours, despite a declining CCI.
If the supports hold, BTC and ETH could be bullish
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