Image default

Bitcoin Tops $17K as Crypto Market Cap Eyes $900 Billion (Market Watch)

After days of consolidation and a downward-leaning sideways action, the cryptocurrency market has finally bounced and seen a sea of green on the trading charts. The total capitalization is aimed at $900 billion.

Bitcoin Price Tops $17K

Over the past 24 hours, Bitcoin managed to finally increase and has topped the coveted $17K level in the process.

BTC increased from an intraday low of $16,733 to a local high of $17,330 (on Binance) which marks gains of around 3.5%.

Source: Binance via TradingView

Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – also increased a bit. This is important because it’s telling of the current state of things where altcoins are performing slightly less than BTC.

Altcoins Also Green

Despite performing worse than BTC, most of the cryptocurrencies are also trading well in the green today.

Source: Quantify Crypto

As seen in the above heatmap, Ethereum is one of the best performers amid the top coins by means of total market cap, and it’s up almost 4% on the day, aiming for $1,300. Litecoin and MATIC are also charting similar gains.

Trust Wallet’s TWT token and The Graph (GRT) are today’s champions, both up around 8.5% in the past 24 hours. On the other end of the spectrum, Radix (XRD) failed to keep up and declined by a considerable 10% during the day.

The increase has also had a positive impact on the broader market sentiment. Data shows that it transitioned from a state of ‘extreme fear’ to ‘fear.’


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Related posts

Educational Institutions That Offer Crypto Courses

Marine Savard

More Than $2 Billion in USDC Redemptions in 30 Days – Altcoins Bitcoin News

Marine Savard

Assessing the possibilities of MATIC sustaining its latest price pump

Marine Savard

OKX burns massive amount of OKB, but these concerns still remain

Marine Savard

Cardano (ADA) Could Be Poised For A Bullish Breakout, Here’s Why

Marine Savard

BlockFi Wins Approval to Arrange Auction for Mining Business

Marine Savard

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More