Alex Kuptsikevich

1 month ago | bitcoininsider.org | Alex Kuptsikevich

By Alex KuptsikevichMarket PictureThe crypto market has gained 4% in cap in 24 hours, but this looks more like a wild swing than the start of a recovery. The $2.87 trillion market remains below the long-term trend line of the 200-day moving average, near $3 trillion, and the initiative has shifted back to Bitcoin. Bitcoin's share of the crypto market exceeds 60%, which is typical in periods of fear. This time, we also note the decline in Ethereum's share to 9%, a low in almost five years.

1 month ago | bitcoininsider.org | Alex Kuptsikevich

By Alex KuptsikevichMarket PicturePressure in traditional markets has clipped the wings of the crypto market, which is almost back to the point from which Sunday's rally started. At the start of the day on Tuesday, it was capitalised at $2.76 trillion, having lost over 9% in the last 24 hours. The market fell under the 200-day average on increased momentum, and an attempt to rebound failed even with the help of cryptocurrency news.

1 month ago | bitcoininsider.org | Alex Kuptsikevich

Market PictureThe crypto market rallied on Sunday following Trump’s renewed focus on establishing a US crypto reserve and his announcement of the first-ever crypto summit, set for March 7. The market cap soared past $3 trillion, briefly peaking at $3.15T, a sharp rebound from Friday’s low of $2.63T. This nearly 20% increase was largely fueled by low liquidity, making it crucial to watch whether these gains hold through Monday’s close.

1 month ago | bitcoininsider.org | Alex Kuptsikevich

By Alex KuptsikevichMarket PictureCrypto market capitalization collapsed by 7.5% in the last 24 hours to $2.65 trillion, the lowest level since November 10th. Unlike the dynamics of the previous two days, there was no rebound at the beginning of Friday; there was just a timid attempt at consolidation. It seems that the market has found the pain point of short-term buyers, knocking out the “weak hands.”Bitcoin has lost 8.6% over the last day, having pulled back under $79,000.

1 month ago | bitcoininsider.org | Alex Kuptsikevich

By Alex KuptsikevichMarket PictureIn the first half of the day on Wednesday, the cryptocurrency market stabilised, but by the end, a new wave of selloffs began, leading to new lows since early November at $2.75 trillion. In the morning, attempts were again made to stabilise the market. Increased trading activity was accompanied by increased volumes, indicating both accelerated liquidation of positions and interest in buying on declines.