The attached overview from Coin360 illustrates the development of the crypto market over the past 7 days. According to coinmarketcap.com, the total crypto market cap is currently $1,180 billion and now counts 23,205 crypto currencies and that number continues to rise.
Bitcoin’s market dominance has remained stable at 45% over the past week, while its market cap has fallen slightly to $540 billion. Ethereum’s (ETH) market dominance has remained steady at 19.1%, while the number two coin’s market cap now stands at $225 billion.
Ethereum on the attack at $2,000 mark
Ethereum reached a new high since the summer months of last year, climbing above the $1,900 level. The rise was initiated ahead of the Shanghai hard fork scheduled for April 12.
It is headed toward $2,000 and the question is whether this mark can be achieved and, if so, broken. If the scheduled upgrade becomes a sell-the-news event, then we need not expect much. Nonetheless, sentiment is positive for now as evidenced by the net higher bottoms in recent months.
Fear & Greed Index firmly in Greed zone
The value of the Fear & Greed Index, compiled by Alternative.me, currently stands at 63 while last week it recorded a value of 60. This puts the index, which measures investor confidence in Bitcoin and a number of major coins, slightly more firmly in the Greed zone.
As far as investor confidence in the crypto market is concerned, things are going well for now. The only thing is to break through major resistances such as $30,000 in the BTC and $2,000 respectively.