Bitcoin price is testing resistance and builds dominance

The price of Bitcoin is currently in the correction mode. While the largest Cryptocurrency according to market capitalization on March 26. June briefly the 13.800-US-Dollar mark broke through, testing them for their resistance. Meanwhile, BTC continues to expand its market domination.

By Phillip Horch
At the 1. July 2019BTC$10.361,00 -7.16%part Facebook Twitter LinkedIn xing mail

The Good point: hold The current support of 9.261 US dollars so far. So the price of Bitcoin has fluctuated at 30. June between the 12.200-U.S.-Dollar mark and the 10.677-US-Dollar-brand.

the upward movement of The BTC course last week, however, was initially an end. So he fell in the last 24 hours to just under seven percent. Currently, he is 10.868 US Dollar.

As explained here, is valid, however, it is now to keep the additional resistance points and the MA20 in the eye.

Bitcoin is expanding its market dominance from

However, the crypto-currency to extend its market dominance even further. While the price of Bitcoin is struggling with the current resistance, is the Share of the Bitcoin a whopping 61.4 percent. The over 2,000 other crypto-currencies have to share so the rest of the 38.6 percent of total market capitalization. Thus, the dominance of BTC is as high as in December 2017. While she was in January 2018 at just under 32 per cent, has doubled within 1.5 years, almost. With this strong position of dominance, the second largest crypto-currency, Ethereum is Bitcoin far behind. This brings together a market share of 10.16 percent.

Altcoins are losing strength

While the price of Bitcoin looking for his resistance, and with slight losses, struggles, must also claim the Altcoins.

The Ethereum course and the Ether Token is currently at 295 US dollars. He lost in the last 24 hours is just five percent to travel. The Ether-course is, therefore, in its 7-day Trend, according to which he a total of 4.22 percent had to lose.

Also, the Ripple price (XRP) has lost some momentum. With only 1.7 per cent he recorded, however, only slightly in the red at $ 0.41. Within a week he had to cope with, however, a decrease of almost 13 percent.

The Litecoin rate is currently relatively wacker. In the last 24 hours, it fell by just under 2.6 percent to 123 dollars. In the weekly review, it’s not looking quite so rosy – there are currently 9.5 percent Minus.

How to be independent from the Bitcoin price

you can benefit If you want to profit from the Bitcoin course, there are some important points to consider. However, there are also numerous opportunities in the crypto-Ecosystem to participate. To learn more about it, it is worth to take a look in our brand new crypto-compass.

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