On June 25, the total market capitalization of the first cryptocurrency exceeded $200 billion. At the same time, for several days in a row, the asset rate has risen, with the achievement of new annual highs.
Bitcoin – capitalization record
The total cost of cryptocurrency, Bitcoin, began to grow rapidly after the coin broke the annual record of value. The first cryptocurrency has grown above $11,000. The beginning of growth was noticed on the weekend, and as of Tuesday, June 25, the total value of the asset exceeded $200 billion.
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In turn, the coefficient of dominance of Bitcoin also began to rise and reached 59.8%.
According to statistics, today Bitcoin increased by 3.98%, the exact value of the asset was 11,317.08 US dollars. The tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details volume over the last 24 hours has risen to $21 billion (in the Bitcoin equivalent – 1,873,074 BTC). The two-week indicators of the RSI indicator stopped at 69. This means that the market is in the normal zone, but still overbought time is nearing. If the RSI values are overstepped by 80, the likelihood of depreciation is high.
The first alarm signals are noticeable on the STOCH RSI on a two-week timeframe. The mark of 85.5 indicates the beginning of the market entry into the overbought zone, the usual STOCH testifies to the same (more than 94 mark). At the same time, the value of the asset ceased to yield to high volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details. According to technical analytics, the ATR indicator (on a two-week timeframe) stopped at the indicator 105. Which means a decrease in price volatility and provides trading signals for a purchase.
Bitcoin capitalization has grown over 200 billion dollars. Recall that recently the total capitalization of the entire cryptocurrency market has exceeded $ 324 billion and continues to grow along with the rate on assets.
Editor: Godfrid Brower