Weekly Crypto Digest: Crypto market crashes in wake of Terra/UST

12/05/2022 By Jan Robert Schutte Reageer

The attached overview from Coin360 shows the dramatic performance of the crypto market over the past seven days. The total crypto market cap dropped significantly over the past week to $1,236 billion.

In the process, however, Bitcoin’s market dominance showed an increase to 43.48%. Bitcoin’s market cap fell over 27% in the past week to $553 billion. The market dominance of Ethereum (ETH) remained stable around 19%, while the market cap of the number 2 coin dropped significantly to $237 billion.

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Weekly Crypto Digest: crypto market under the spell of the Fed

06/05/2022 By Jan Robert Schutte Reageer

The attached overview of Coin360 shows the performance of the crypto market over the past seven days. The total crypto market cap fell slightly towards $1,700 billion last week. Bitcoin’s market dominance showed a slight increase towards 41%. Bitcoin’s market cap dropped to $704 billion. The market dominance of Ethereum (ETH) remained stable at around 20%, while the market cap of the number 2 coin fell to $331 billion.

Crypto market under the spell of the Fed

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Crypto Market cap consolidates around $2,000 billion

22/04/2022 By Jan Robert Schutte Reageer

The attached overview from Coin360 shows the performance of the crypto market over the past seven days. The total crypto market cap remained fairly stable consolidating around $2,000 billion over the past week.

Bitcoin’s market dominance also did not move from its place with a percentage of 40. Ethereum’s (ETH) market dominance also remained stable at 19%. The market cap of the number 2 coin increased slightly to $376 billion.

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Crypto Trade of the Week: NEO

20/04/2022 By Jan Robert Schutte Reageer

This Week’s Cryptocurrency Trade is NEO which has a market cap of $1.5 billion and which is ranked number 64 on Coinmarketcap.

For our Crypto X10 Challenge and other crypto portfolios, we have had this coin in our portfolio for quite some time.

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Weekly Crypto Digest: Bitcoin consolidates around $41,000

15/04/2022 By Jan Robert Schutte Reageer

The attached overview from Coin360 shows the performance of the crypto market over the past seven days. The total crypto market cap hovered at $1,906 billion over the past week. Thereby, Bitcoin’s market dominance consolidated around 40%. The market dominance of Ethereum (ETH) rose slightly to 19.5%. The market cap of the number 2 coin decreased slightly to $371 billion.

It is relatively quiet on crypto market. However, the number of crypto currencies is rising steadily to 18,888 at present. This is thinning the pool, although BTC and ETH together account for 59.5% of the market. This means that the remaining 18,000 coins divide the remaining market.
Bitcoin has held the number one position for years and it does not look like it will be taken over any time soon.

Ethereum follows with a street-length deficit of over $400 billion, which will not be caught up easily.

Bitcoin has been consolidating around $41,000 for quite some time. It seems a matter of time before the upward trend is started towards the all time high of $69,000, which was reached in November last year.
The next resistance that can be found is at $48,000. It is important, however, that the bottoms around $33,000 from March and February, respectively, remain intact.

On the positive side, the decline since November was limited to the above support level. Thus, a higher bottom was formed compared to $30,000 of last July. Whether this is sufficient to launch a new attack on the all time high will now have to be seen.

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