TL; DR failed
- Bitcoin will fall to $ 54.3 thousand in a booming market
- Atrium manages to stay slightly above the $ 4,000 mark
- ADA, SOL, DOT lose gains, GRT and CRO record green candles
- Metabolic symptoms turn red after dream performances
The cryptocurrency market is highly volatile in nature, as several coins continue to make gains or losses in the short term. With more than 14,870 digital currency tokens in 426 exchanges, the crypto industry has a total market of more than $ 2.46 trillion.
There is a constant struggle between cows and bears for power and control in the market. They are always trying to introduce a new trend that can push the trend up or down. Meanwhile, several tokens make a profit while many others struggle to make every move. Leading tokens, such as Bitcoin and Atrium, have a huge impact on the performance of the rest of the market. Bitcoin introduces new trends, and altcoins tend to follow a completely religious path.
Bitcoin drops to $ 54.3 thousand, down about 9% in a week
The cryptocurrency of the world’s leading digital currencies has not been able to successfully recover from the strong reforms that have taken place in the market. After setting new records a few weeks ago, Bitcoin stabilized at double-digit percentages. The coin was traded in a state of intense fear, as investors and traders were very cautious about the coin’s decline.
Even though experts are adamant about bitcoin re-growth, the token remained at critical support levels to raise some concerns. Bitcoin was forming an uptrend for a few days, but fell again, this time to the level of $ 54,000. At the time of this writing, bitcoin is worth just over $ 54,300.
The market value of bitcoin is just over $ 1.03 trillion, and its 24-hour trading volume has fallen below $ 30 billion. Maintaining a position above $ 55,000 is very important for Bitcoin before the daily candles close, otherwise it could lead to a major exit. Investors who are afraid of falling bitcoin prices.
Atrium is priced at around $ 4,000
Atrium Altcoin is a leader in the crypto industry and is of great importance to the entire market. Atrium is also having trouble in this downturn market, as it has fallen from its high prices. However, the coin fell 7.50 percent in one week as it fell 1.46 percent today to close the gap with $ 4,000. At the time of writing, the ETH is $ 4,050.
The coin trades are worth $ 16 billion, while its market value is $ 477 billion. Atrium dominates the rest of the market by 19.6%, which indicates that it still performs well at the highest level. A drop below $ 4,000 may be more troublesome for the coin. However, if it can stay above the support level and go beyond the support level, the trend may be reversed.
The main altcoins are significantly reduced
The Altcoin market has developed rapidly in recent times. Top winners and big names like Polkadot have also fallen sharply. The Atrium, Solana and Cardano killers have fallen by significant margins. Solana fell 3.20 percent in value to $ 187. With 304 million SOL coins in circulation, the market value of the popular token is $ 56 billion.
The ADA, on the other hand, fell to $ 1.51. The coin used to be in trouble and has now fallen below vital support levels. Investors with ADA are in a state of panic, as the coin recorded more than $ 3 this year and is now split in half.
Polkadot and Avalanche were the best recent bull performances in the digital currency community. Both of these coins reached their highest point. DOT crossed the $ 50 mark, while AVAX crossed the triple digit. But in the last trading hours, both of these coins have turned red. Polkadot fell to $ 34, losing more than 18 percent in one week. AVAX, on the other hand, has fallen from $ 147 to $ 107. The trading volume and market value of both tokens have also been significantly affected.
However, only a handful of coins were able to register the green candles. The crypto.com coin is one of those coins that was moving strongly in the downtrend of the market. The price has now reached $ 0.72, as the token has risen 4.50% in the last 24 hours. The coin has risen 25 percent in one week, as its market value is now $ 18.4 billion.
In addition to the CRO, the chart (GRT) has been able to rise and stay close to $ 1. At the time of writing, this coin is worth about $ 0.99. With more than 4.7 billion GRT coins in circulation, this token has shown its presence by climbing the market value chart.
GALA and SAND are facing correction after stunning achievements
A new trend was observed in the world of crypto, as the interest in meta-coins increased by the crypto community. This interest led to an increase in the price of several coins and tokens that were related to the concept of metawarring. Companies such as SAND, GALA, MANA and TLM hit record double-digit percentages.
However, as the market merged, the coins were turning red. Gala is now down about 12 percent in one day. After an increase of more than 70%, this slight decrease is considered only as a healthy correction for the coin. At the time of this writing, GALA is worth about $ 0.61. Coin trading volume is still at a respectable point of more than $ 1.8 billion.
The Sandbox token has also fallen by almost 13% after a recent 50% increase. The coin is still higher than the $ 6 coin, and many experts are confident that it has the potential to be refreshed and even cross the $ 8 mark. However, it is still unclear whether investors will continue to invest in coins and hold their assets to raise the price of this Metavars project again.
It can be seen that the digital currency market fear index is increasing. Many experts and analysts believe that investing in the labor market is the right thing to do because many coins are available at a discounted price. As bitcoins rise and cross local resistance levels, sick holders of various altcoins may be generously rewarded. However, the next few days will be much more important to form a more defining pattern in the market. It is also very important for Metavars coins to prove their reliability and stability in the market by jumping from their support levels. As a result, investors will be more interested in such coins.