What Happened in The Crypto Market Today?
Volatility is something that will come to your mind whenever you think about the crypto market condition. Indeed, changes happen every moment in this business space. So, what happened in cryptocurrency overnight while you were deep in sleep? Well, a lot must have happened in different financial markets. After all, that is what the crypto industry is all about. In this article, you will learn some of the overnight fluctuations in the crypto market.
Bitcoin Update
It seems that you can hardly leave Bitcoin outside whenever talking about the crypto market. As far as you can find multiple assets to trade in the current market, Bitcoin remains indomitable. Nevertheless, you cannot ignore that BTC has been struggling to keep an upward trend in the last few days. However, the digital coins have shown an upward trend since having a support area at $53,000 on 5th May. The upward trend gives the support area.
Bitcoin, similar to other digital assets, fluctuates day in day out. That is why expert investors advise you to stay updated with the market happenings to enjoy returns. Bitcoin continued with the positive trend up to $58,360.
Before making your investment decisions, keep in mind that BTC is decreasing after rejection. For now, you can hardly predict where bitcoin is heading next. Technical indicators are somewhat neutral. RSI is over 50, and MACD maintains positive. However, the digital coin lack momentum. You can hardly tell the current Bitcoin trend.
Altcoin Movers
The crypto market cap hit a new high on 6th May, totaling over $2.4 trillion. This morning, most top-10 assets are in green. Cardano climbed to its all-time highest yesterday, $1.70.
Which altcoin takes the day in terms of gains? Well, it is none other than Bitcoin Diamond. The asset fluctuated up with 71% gains reaching a $6.12 price. It is among the best gainer of this week as of now, with 163% upward movement.
Telcoin was yesterday’s record gainer. However, the asset ranks top in today’s losers. Despite the declines, Telcoin remains the best gainer of this week, with a 418% increase.
As it has been, a lot has changed in the cryptocurrency industry in the past few hours.
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