Bitcoin waits, crypto market holds its breath

Bitcoin waits, crypto market holds its breath
Bitcoin waits, crypto market holds its breath

The bitcoin (BTC) price rose sharply again yesterday and the day before yesterday after a sharp decline. Today, however, the race is a bit calmer. There is little movement seen in BTC and the rest of the market. That doesn’t mean it isn’t exciting, because a major movement may be lurking.

A look at the crypto market

The total market capitalization, the value of all cryptocurrencies combined, rose 0.1% today to $2.48 trillion in the past 24 hours.

Bitcoin is currently for sale at a price of €59,476 on the Dutch crypto exchange Bitvavo. This is an increase of 0.2% over the past 24 hours. On the Dubai-based exchange Bybit powered by SATOS, the price is $64,020.

The fastest risers, including RNDR

The fastest risers from the top 50 largest cryptocurrencies are as follows:

  • Render (RNDR) is up 10.3% to $9.58
  • (FET) is up 7.5% to $2.33
  • NEAR Protocol (NEAR) rose 4.4% to $7.16
  • Avalanche (AVAX) rose 3.1% to $37.22
  • The Graph (GRT) is up 3.1% to $0.286

RNDR in particular managed to achieve a nice increase, but there are absolutely no really impressive increases today. In fact, only 15 altcoins from the top 50 are in the green today. A Sunday full of anticipation, but few events.

The hardest fallers, including dogwifhat

As far as decliners are concerned, today is also not too bad. There are no major outliers to be seen. These are the biggest declines in the past 24 hours:

  • Dogwifhat (WIF) fell 4.8% to $3.27
  • Stacks (STX) fell 3.2% to $2.32
  • Bittensor (TAO) fell 3% to $442.69

These are all not really exceptional falls and are typical of a Sunday in the world of crypto. Perhaps larger movements will take place tomorrow.

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The most important crypto news of the past day

The most important news today has to do with a prediction from a top analyst. Peter Brandt, known for years as an extremely experienced trader, predicts that the BTC price could rise explosively if a pattern that seems to be developing continues.

According to him, bitcoin is currently in a real bull market and further price records are by no means ruled out. It is important that bitcoin does not lose the current structure and fall too far.

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The article is in Dutch

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