Skip to content

The calm before the storm? Bitcoin Price Trades Sideways after the highest historical level

--Advertisements --

Get trading recommendations and read the analysis on Hacked.com for only $ 39 a month.

The cryptocurrency markets were unusually quiet on Tuesday, and no coins or tokens of any rank moved more than 3%. However, anchored by a stable bitcoin price, the total market capitalization of crypto managed to make a minor advance. But will this stability of the market continue, or will the bitcoin price consolidate before a break?

 bitcoin price "width =" 1061 "height =" 153 "/> 

<p class= Source: CoinMarketCap

After crossing the threshold of $ 179.3 billion, the crypto ceiling reaches the $ 180 billion threshold, but fails to maintain its progress. Finally, the cryptography market has returned to the level of $ 179.3 billion, although it has managed to add about $ 28 million – an amount so small that it barely records on cards .

 bitcoin price "width =" 1082 "height =" 437 "/> 

<p class= Source: CoinMarketCap

-- Advertisements --

Bitcoin Price holds close to $ 6,200

Tuesday marks the ninth anniversary since Satoshi Nakamoto published the Bitcoin white paper, and he should recall the hardships that technology and the community have had to overcome to reach the victory turn of the year 2017.

The day was also characterized by side trading, with the price of bitcoin only rising a few dollars before reaching a current value of $ 6,168. This was a marked change from Sunday, when the bitcoin price jumped to a record $ 6,345 on Bitfinex, the largest bitcoin exchange. This stability is reminiscent of an event two weeks ago when the bitcoin price was consolidated before breaking the $ 6,000 barrier for the first time.

 bitcoin price "width =" 1070 "height =" 485 "/> 

<p class= Bitcoin Price Graph | Source: CoinMarketCap

Will Bitcoin see a similar escape this week? It's impossible to say. However, Max Keizer predicts that the Bitcoin price will reach $ 10,000 in the near future, and that this step would likely be accelerated if China eased restrictions on cryptocurrency trading, as some industry observers have said. Supposedly.

-- Advertisements --

Ethereum prize attached to $ 300

The price of the ethereum, like that of bitcoin, has hardly changed on Tuesday. He went into the day at $ 309, and that's where he is right now. Investors should consider this as a positive sign that the etéum did not come down to $ 300 – as it tended to do in October – but the price of the Ethereum will have to see some momentum to free itself from the orbit of this threshold

.

 ethereum price "width =" 1062 "height =" 487 "/> 

<p class= Price Ethereum Chart Source: CoinMarketCap

The Altcoins take a day off

With bitcoin as a market leader, high-level altcoins made little movement leading up to Tuesday. Three altcoins of the top 10 – ripple, NEO and bitconnect – fluctuated by less than 1%, while the 2.55% drop in cash bitcoin was the most dramatic change at the top of the charts. The price of the NEM fell slightly by just over 1%, while the litecoin, the dash and the monero both fell by around 2%.

 bitcoin price "width =" 1063 "height =" 544 "/> 

<p class= Altcoin Price Graph | Source: CoinMarketCap

-- Advertisements --

Coins and tokens outside the top 10 have a bit more action, and double-digit gains of komodo, vertcoin, tron ​​and the basic attention token make up for declines minor cryptocurrencies high level. to show a net increase.

Advertisements

See also  (+) ICO Analysis: Simple Token