The ‘crab’ market: Bitcoin hovers near $30,000, Ethereum fails to break $2,000
According to data from cryptocurrency analyst CoinMarketCap.com, the combined market cap of all cryptocurrencies has reached about $230 billion. That figure is up roughly 80 percent over the past month, and up roughly 20 percent over the past week. And yet, despite the hyped expectations that cryptocurrency prices might approach a million-dollar milestone this year, the current total market cap is still well short of that mark.
The cryptocurrency market has been on a roller coaster ride this year. Many of the biggest players have been affected by regulatory concerns in different parts of the world. In particular, China has gone out of its way to try and curtail the cryptocurrency markets, as well as establish some level of control over Bitcoin.
As of February 1, 2018, Bitcoin is trading at $3,410.42, up 4.35%, according to the CoinDesk Bitcoin Price Index (BPI). Ethereum is at $1,359.10, up 7.19%. Ripple, the third-largest cryptocurrency, is up nearly 20% to trade at $1.57. The market cap of all cryptocurrencies is now $203.5 billion, up $20.6 billion from the end of 2017.. Read more about will ethereum crash 2021 and let us know what you think.
Crab market: Bitcoin holds at $30,000, Ethereum fails to break through the $2,000 mark.
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Bitcoin and Ethereum prices rebounded above key support levels yesterday as bulls took advantage of oversold conditions. But the move didn’t last long.
Shaurya Malwa – 24. 20 June 2021 at 8:00 UTC – 2 minutes reading
Image: ETH/USD via TradingView.
The next resistance area for ETH is near the $2,100 area, where failure is likely. However, volume is low and an increase in volume is needed to continue the upward trend.
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