The marketcap has been moving down (-1.27%) since yesterday. The total capitalization is 248 011 319 782 USD.
Bitcoin totals 159 131 695 435 144 USD of capitalization for a dominance of 64.20%. Ethereum’s marketcap is 14 629 435 144 USD, followed by Ripple with 10 286 424 806 USD.
Bitcoin closed higher and is currently trading around $8648 after testing the $8900 level.
The daily technical situation is negative, with no sign of bullish recovery and the rest of the day’s trading on a 4 hour time horizon, with WaveTrends just crossed lower.
What to do about it?
The Bitcoin is below its Monthly Open and its evolution is uncertain at the moment. If the $8500 doesn’t hold, we can hope to see the $7800 back.
- The supports of the day are at 8500$ — 8100$
- The resistances of the day are at 8950$ — 9100$
ETH closed higher with a doji indicating the indecision of the market and is currently trading around $219.75.
The daily technical situation is negative with no sign of recovery as well and the rest in a reduced time horizon.
What to do?
We are at a critical level and it is important to see if the support of the 217s holds before positioning ourselves.
- The supports of the day are at 217$ — 179.8$
- The resistances of the day are at 250$ — 276$
The daily technical situation is negative for ETH and BTC.
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