- Bitcoin dominance increased to 62 % today.
- The coding trading volume decreased by 15 % and the maximum market increased only 1.77 % in the past 24 hours.
The encryption market shows a slight recovery today as the price of bitcoin increased by almost 2 %. One of its lowest levels of 76 thousand dollars yesterday, the price of bitcoin has risen to 80 thousand dollars and is currently being circulated in the range of 83 thousand dollars. The maximum of the total Crypto market increased by 1.77 % and its value is hovering at $ 2.71 trillion.
According to the graph, bitcoin dominance increased to 62 % today. When the encryption market was a short period of bull, Bitcoin dominated 55 % from 55 %. At that time, Bitcoin has reached its highest level ever, and many altcoins recorded a significant increase in prices. However, the encryption market is weak at the present time and struggles with Altcoins to keep pace with its slight increase.
generally The volume of trading in the encryption market It decreased by 15 % large in the last 24 hours. Its value used to register about $ 420 billion during peak market times. However, the daily trading volume is only 101.28 billion dollars today. This reflects the exhaustion of trading and poor momentum in the market, which may lead to more losses.
What awaits Bitcoin in the coming weeks?
Global concerns of the total economy affect the encryption market at the present time. Increased commercial tensions as a result of Trump’s new definitions and recession concerns make merchants be careful of risky investments. Although the Trump administration is moving forward organizing encryption and the creation of Bitcoin reserves, this industry does not seem optimistic.
At the same time Fear of encryption and greed indicator Records “21”, indicates the morale of fear throughout the market. If this continues, we may see more stagnation in the encryption market in the coming weeks. In the absence of a large catalyst that can pay the encryption market, the BTC price will decrease again to the price of $ 70,000.
The news of the encryption was highlighted today:
XRP risk: Experts warn of a possible decrease to less than one dollar
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