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Arbitrum (Arb) increases by 10 %, Bitcoin (BTC) looks at $ 29,000: market observation
Bitcoin's recent drop in price seems only for a short time, since the asset increased earlier and over $ 29,000. Most old coins today have minor losses, with XRP finally stopping its massive rally by recording a daily decline of 5.5 %. Bitcoin eyes $ 29,000 The primary cryptocurrency has recently had a remarkable run against Binance before the US CFTC complaint, and Changpeng Zhao interrupted it directly. As a result, the asset fell from over $ 28,000 to less than $ 26,500 on Monday. However, this drop in prices did not last long and BTC started ...
Arbitrum (Arb) increases by 10 %, Bitcoin (BTC) looks at $ 29,000: market observation
Bitcoin's recent drop in price seems only for a short time, since the asset increased earlier and over $ 29,000.
Most old coins today have minor losses, with XRP finally stopping its massive rally by recording a daily decline of 5.5 %.
Bitcoin eyes $ 29,000
The primary cryptocurrency has recently had a remarkable run before the US CFTC complaint against Binance, and Changpeng Zhao interrupted them directly. As a result, the asset fell from over $ 28,000 to less than $ 26,500 on Monday.
However, this drop in prices did not last long and BTC began to gain value again in the following days. Yesterday he rose to over $ 28,000 and even initiated another increase, which drove him to just over $ 29,000 this morning.
Nevertheless, the bears performed at this point and did not allow any further price increases. On the contrary, BTC has returned under $ 29,000, but it is still slightly in the green area on Tagesskala.
As such, its market capitalization has remained only a few centimeters over $ 550 billion, while its dominance continues to increase over the old coins and is currently 46.6 %.
Btcusd. Trading view
Arb again in green
One of the most expected Airdrops in the crypto community took place last week when Arbitrum distributed his brand new native token. Of course, the asset was exposed to extreme volatility in the first trading days before setting up at around $ 1.3. However, an increase of 10 % on a daily basis has so far driven him to over $ 1.4, which makes him one of the best performers.
Hbar and Algo are the other two impressive winners of the mid-cap alternatives. In contrast, the landscape with the larger caps looks very different. Rippleder XRP from, which had increased by over 60 % in the past week, has now dropped by 5.5 %. Nevertheless, the asset is still traded over $ 0.5.
Ethereum, Binance Coincardano, Dogecoin, Matic, Solana, Polkadot, Litecoin and Shiba Inu now also write significantly red numbers.
The entire crypto market capitalization fell below $ 1.2 trillion after it has lost a little more than $ 15 billion every day.
Overview of the cryptocurrency market. Quantify crypto