TL; Fault DR
- BTC Dominance fell to 45% in 24 hours.
- Digital currency market capitalization returned to $ 2.2 trillion.
The digital currency market is generally declining today as bitcoin has fallen more than 2%. In the last 24 hours, the price of BTC fell from $ 57.4 thousand to $ 54.6 thousand. Altcoins followed a similar pattern as SOL, DOT and SHIB continued to decline.
Bitcoin started at $ 55.9 thousand today, while the lowest price today is $ 54.1 thousand. Prices continue to fall as a CFRA researcher noted that bitcoin ETFs are not possible before 2022.
Bitcoin is currently at the resistance level of $ 56.6 thousand and the price level of $ 53.9 thousand acts as a support level. Prices remain bullish as BTC / USD trades above the 50-day and 100-day moving averages in the long run.
While Bitcoin’s dominance in the digital currency market has risen to 47 percent in recent days, the current downturn has reduced that dominance. The current dominance is 45.34% and the total market value of digital currencies is $ 2.2 trillion.
With the strengthening of bears, the digital currency market is bleeding
Polkadot, on the other hand, rose 3.05 percent yesterday to close at $ 35.17. The price of Polkadot is higher than the 50-day and 100-day moving average, above the support of 33.05 USD. Polkadot is currently trading at $ 34.8.
The SOL token ranks 7th in the cryptocurrency market and has been a worthwhile investment over the past few weeks. Currently, the price of SOL has fallen by more than 4% compared to yesterday, which was 5% higher.
The current resistance of SOL / USDT is 158.8 USD and will undoubtedly remain. In the long run, prices are higher than the 50-day and 100-day moving averages. However, it seems that this fluctuation has already decreased.
In addition, with a 45% drop in trading volume, the SHIB / USDT pair is below the resistance of $ 0.00003069. However, the price action is still higher than the 50-day and 100-day moving average.
In the end, prices remain bullish as many investors continue to wait for the news of Bitcoin ETF approval. NFT, meanwhile, continues to dominate artists’ interests as DeFi projects heat up.