Cryptocurrency
It seems that a temporary calm prevails in trading today, Sunday, for the cryptocurrency market, which incurred violent losses throughout the sessions of the week, as the market fell to the level of a year ago.
Traders have recalled the crashes of July 2021, during which the crypto market lost hundreds of billions following a violent escalation by the Chinese authorities.. However, the past few hours witnessed a temporary consolidation of cryptocurrencies.
Urgent: Very positive news
Bitcoin and support
It seems that a major resistance point is on its way to becoming a strong signal to cross the dark tunnel of losses and free it from the grip of the bears who are dominating the market at the time.
Bitcoin is oscillating near the $30,000 levels that it lost last Thursday when it fell near the $26,000 levels.
However, Bitcoin succeeded in consolidating and recording relative highs, during which it rose to the levels of $30 thousand, before falling back below it once more, as the $30 thousand levels turned into resistance levels.
Urgent: massive growth
bitcoin now
Bitcoin oscillated during the past hours between levels of $28.7 thousand as a bottom and levels of $30.19 thousand as a top, while it rose during these moments of trading today, Sunday, by 1.4 percent.
The market value of Bitcoin fell to levels near 565 billion dollars, while declining in the range of 15% within a week, while declining by more than 25% within thirty days and by 37% since the beginning of the year.
Urgent: Negative data
Fear and greed
As for the feelings of traders in the crypto market, it seems that all options and paths are available, as a state of intense fear controls the psyche of dealers during these moments.
According to the Crypto Fear&Greed Index, the market appears to be in its worst condition as it succumbed to the ferocious bear tone amid the panic of the widening downside wave.
The Crypto Fear&Greed Index stands at its lowest level in nearly a year during these moments, recording 10 points, which reflects the state of panic that dominates traders.
Urgent: Collapse.. Cryptocurrencies lose 700 billion and Bitcoin is below 27 thousand
60 billion
In the few hours, digital currencies succeeded in recording acceptable gains, in light of weak trading that dominates trading today, Sunday, thanks to the rises of Bitcoin.
The capitalization of the crypto market increased in the range of 60 billion dollars, from levels of 1.22 trillion dollars to levels near 1.28 trillion dollars during these moments.
Urgent: Terra Luna loses 99.7% .. despite the madness of its stablecoin
market now
As Bitcoin approaches the $30,000 mark, Ethereum is consolidating near the $2,000 levels, while declining around 20% in a week and by 33% in thirty days.
On the other hand, Binance Coin BNB/USD rises by more than 2%, while it declines by 19% within a week, and by 30% within thirty days, as its market value fell below 50 billion dollars.
On the other hand, Ripple decreased by 2%, by 26% within a week, and by regarding 46% within thirty days, as its market value fell to nearly 20 billion dollars.
Cardano rises slightly, while it decreases within a week by 28% and by 44% within thirty days. In contrast, Solana rises by 2%, but it declines by 34% within a week and by 50% within thirty days.
Dogecoin falls within 1%, while it declines by 30% within a week, and by 40% within thirty days, despite Elon Musk’s continued support for the dog currency.
In contrast, Polka Dot and Avalanche are rising by 5%, but the two currencies are down by 19% and 38% within a week, and by 40% and 57% within thirty days for each of them, respectively.
