After bitcoin surpassed $50,000 last week, fever is taking over the cryptocurrency market. Altcoins follow, propelling the market green. Crypto fans are starting the week with a bang!
Crypto: the market starts the week in the green
– Bitcoin dominance: 53.30% (down from 53.65%)
– Fear and Greed Index: 75 (Greed)
– Altseason Index: 67 (investors are neutral
– Market cap: $1.93 trillion (up from $1.89 trillion). »
A memorable memory: Bitcoin flirting with $40,000 last December, a level he had reached 17 months previously. Ethereum (ETH), Solana (SOL) and other altcoins followed suitto the delight of crypto traders.
Since Tuesday February 13, on the eve of Valentine’s Day, Bitcoin crossed the threshold $50,000 by piece. But that’s not all : TOTALCAP reached an annual record of $1.93 billion only two days later. According to BeInCrypto, the cryptocurrency market valuation has surpassed the 0.5% Fibonacci retracement resistance level. It is now preparing to face new resistance at $2.10 trillion, representing an increase of 12%.
In a recent analysis, Daily Coin highlighted a 7.1% increase in the total capitalization of the cryptocurrency market at the end of the week. According to their investigations, nine of the top ten cryptocurrencies saw significant gainswith the exception of Chainlink’s LINK, which underwent a slight downward revision of 1%.
On the winners’ podium are the following cryptos:
- ADA, 14.2%;
- ETH, 11.4%;
- BNB, 9.6%;
- TRX, 7.5%;
- BTC, 7.5%;
- XRP, 5%;
- GROUND, 2%;
- DOGE, 2%;
- And AVAX, 0.5%.
The screenshot above, from Crypto Bubbles, gives a more up-to-date overview of the progress of a large portion of cryptocurrencies.
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