Bitcoin in critical range
The No.1 crypto currency scraped the 11700 USD mark in the night to Tuesday, but a restrained S&P 500 slowed the bulls down. At the same time, some Altcoins can isolate themselves from the First Mover and record their own price gains. We take a look at what is currently happening in the crypto space.
Bitcoin course in focus
At the time of writing, the Bitcoin is quoted at 11391 USD, which corresponds to a daily minus of 0.87%. By touching the 10700 USD trend line, the bulls catapulted the “digital gold” to a new 5-week high in the night to Tuesday. However, the leading crypto currency can only hold this level for a short time at first.
These limits are important now
The trend line at USD 11400 could become a trend-setting mark. Should this support hold in the coming hours, the BTC could defend the previous days’ gains and launch new attacks on the $12000 level. A trading volume of about USD 30 billion illustrates the great interest of investors. From a bullish perspective, the next resistances remain at 11600 USD and 11800 USD.
S&P 500 with teething troubles
Due to the high correlation to the traditional markets, the crypto space still looks towards Wall Street today. There the S&P 500 opens with slight problems. Currently, a daily minus of 0.35 % is on the books. However, this trend may still change in the course of the evening.
Bitcoin Dominance Index at 58.4
The Bitcoin Dominance Index continues to move towards the 60% mark. Ever more Mainstream media report on the price development of the No.1 crypto currency and the new 5 week high wakes hopes for a continuous course rally. Nevertheless some Altcoins can set also today nameful accents.
The Altcoin winners on Tuesday
Cardano, “the third generation block chain” is back in the top 10 of the crypto ranking with a price increase of 5.62%. Further ahead, Bitcoin Cash is particularly convincing with a daily increase of 5.54 %. Thus, the Hard Fork increases its lead over NBB, Polkadot and Chainlink. Also on Tuesday most Altcoins follow Bitcoin with smaller losses. Thus the Ethereum price corrects itself downward by – 1.16 %. At the same time, reports about progress of ETH 2.0 reach the crypto space. According to these reports, the ETH 2.0 Testnet Zinken, which was launched yesterday, is running perfectly to date.
Uniswap with strong performance
Uniswap can once again put itself in the limelight with a daily gain of 8.96%. Thus, the much-discussed Exchange-Coin conjures the strongest performance of all Top 50-Coins onto the crypto-parquet on Tuesday.