The price of Bitcoin climbed in the last 24 hours to over six percent in the amount. The largest Cryptocurrency according to market capitalization, expanding their dominance further.
By Phillip Horch
3. September 2019BTC$10.603,44 7.15%part Facebook Twitter LinkedIn xing mail
The Bitcoin price has broken the 10,000-US-Dollar mark again successfully. With 10.380 US dollars, the leading crypto-currency controls with new price targets. In addition, BTC continues to expand its dominance of the strong.
Bitcoin dominance from
to build The BTC-dominance is currently at nearly 70 percent. Thus, it has risen since January of 2018, almost continuously. So it was on 8. January, only 33 percent of the Altcoin-season was in full swing. The went so far, that they suspected a a Flippening – Ethereum Fans hoped that the decentralised project Vitalik Buterins would take the place of Bitcoin.
No trace of Altcoin Season
If it is not, however. Because currently, the Bitcoin dominance is a whopping 70 percent. So that it is as high as in March 2017. Of Altcoin season no trace.
For comparison: The market capitalization is after the current rise in the Bitcoin price at the time of almost 186 billion dollars. Crypto-currency number two – Ethereum and the Ether Token has a market capitalization of 19.1 billion US dollars.
The mood of investors
According to the Crypto Fear & Greed Index moves, the mood among investors slowly from the fear-Zone and suggests the direction of greed.
source: http://alternative.me
the mood Barometer of the alternative.me can see, the basic attitude of the investors slow in the green area. Accordingly, the Crypto Fear & Greed Index was at 2. September a 28. According to the analysis, would be the current Bitcoin price as a buying signal. More to the crypto-mood-Barometer here.
explains the Technical data to the Bitcoin price
As here, it must increase the price of Bitcoin is now back in the direction of the resistance area of 11.541 up 11.860 USD. A new year would be high in the direction of 14,000 US-dollars probably. The current price rally could be made in order for the Bull Run.
not tested the resistance area between 11.541 US Dollar and 11.860 US Dollar, however, there may come meanwhile, a Bitcoin-price-to-waste. This area is under the 10,000-US-Dollar-brand.
(Bitcoin rate shown here on the example of the value of pair BTC/USD on Bitstamp.)
Bitcoin price: Wal-Alarm in the crypto-pool
it Throws the view of the crypto-Walvis basin, one can see here again an increased activity. The Tether whales according to the Whale Alert again particularly active. Tether whales moving in the last 24 hours alone, nearly 50 million units of the stablecoins, which corresponds to the same amount in US dollars. The Tether Limited addition printed a further 10 million USDT. Such actions are correlated in the past with a strong rise in the Bitcoin price.
Bitcoin News in the quick-Check
Off-the-Bitcoin-price-movements of the crypto-Community is interested in Wright is currently the Case with Craig. The self-appointed Bitcoin inventor a. K. a. Satoshi Nakamoto have to answer to is currently before the court and was recently condemned to pay a hefty penalty – however, he appealed the judgment to date.
In addition, the largest crypto-trade course in Thailand must close its doors. It is, however, according to official figures, was neither a Hack nor a Scam – the operator only want to change your field of business.
Charts created using trading view. The information presented in the estimates and are only not Investment advice.
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