Ethereum over $ 4000 (market observation)

Ethereum over $ 4000 (market observation)

After yesterday's massive price returns, Bitcoin recovered and recovered over $ 1,000. Most old coins are also slightly in the green today, whereby Dogecoin exceeds the rest with a significant double -digit price increase.

Bitcoin in green, but still less than 60,000

The Bitcoin price gradually moved south after the all-time high that was reached last week. It could not rise over $ 67,000 and lost $ 7,000 in just a few days.

The asset was able to recover a bit and approached $ 64,000 at the beginning of this week, but was stopped again. This time the bears took over the full control and pushed BTC Süd difficult.

Within a few hours, the cryptocurrency lost more than $ 5,000. As such, it sank to $ 58,000, which has been the lowest price for two weeks.

BTC initially had trouble recovering, but has increased by $ 1,500 in the past few hours and is again close to $ 60,000. As a result, the market capitalization of the assets has recaptured $ 1.1 trillion, but dominance compared to the old coins has dropped to 44.5 % after reaching 47 % days ago.

Btcusd . Tradingview

Restoration attempts from old coins

The alternative coins also broke out very well yesterday. Ethereum fell to $ 3,900, but has bounced up and jumped over $ 4,000 at the time of writing these lines.

Cardano, Polkadot, Terra, Avalanche and Chainlink have recorded minor profits, while Binance Coin (4%), Solana (2.5%) and Ripple (3.5%) have added a little more.

Dogecoin is the biggest winner among the top 10 coins. The meme token rose by 32 % on a 24-hour scale and is traded over $ 0.31 on an almost two-month. As such, Doge has succeeded in Cryptocurrency after market capitalization, just a few hours after the self-proclaimed Dogecoin-Killer-Shiba Inu-had conquered him.

Overview of the cryptocurrency market. Quantify crypto.