When will BTC break out of the price deadlock? | informnews
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When will BTC break out of the price deadlock?

When will BTC break out of the price deadlock?


The first cryptocurrency is back in the red zone. This time BTC fell below 6350 dollars. A large part of the top token also shows a daily drop.

Over the past 24 hours, the first cryptocurrency fell by 0.22%. Now the cost of bitcoin is estimated at 6 321 dollars. However, despite the decline in prices, the dominance of BTC is growing and now this figure reaches 54.1%.

The total capitalization of cryptocurrencies is estimated at 202 billion dollars. Two days ago, this figure reached 203.4 billion dollars. According to the observations of the expert of The Block Larry Cermak. The total value of the assets presented in the crypto market corresponds to the minimum values of the year ago.

According to analysts, the dynamics of trading volumes OF the Top 50 Ethereum tokensthe ERC20 standardis closely correlated with the market capitalization indicator. The activity of trade in the latter also reached the marks of a year ago.

Today the crypto market is in decline. Almost all the top coins are in the red zone and show an average daily drop of 12. 5%, except for: Tether (+0.64%), Monero (+1.57%), Dash (+0.16%) and NEM (0.09%).

 


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