Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains
07 Octobre 2022 - 08:58AM
NEWSBTC
In the past two days, Bitcoin triumphantly hit the critical level
of $20K. This sudden push from the primary crypto asset was after
hovering between $18K and $24K regions for some months. But
following the effects of some macroeconomic factors, the price of
BTC was rounding the $19K region. This year has been the toughest
for crypto assets and other financial instruments. But the struggle
to remain valuable is seemingly paying off as most coins are
currently regaining loss values. Even though the Feds are still
hawkish, the market is gradually moving towards a bullish
sentiment. Related Reading: Hedera: Investors Should Check Out
These Data Before Buying HBAR However, the bullish trend in the
broader crypto market is spreading gradually. The leading crypto
kept its position strongly despite the bears struggling to take
over. The appearance of the bulls has deterred further decline for
BTC. Other cryptocurrencies are taking to the north, with Ethereum
Name Service (ENS) emerging as the top performer. With the new
movement of prices, the cumulative market cap has hit $964.91
billion, indicating a surge of 0.70% over the past 24 hours. The
overall implication of events shows a slight improvement in the
trend compared to yesterday and last week. However, the broader
crypto market sentiment still has elements of fear. Bitcoin
Consolidates The $20K Level After hitting the critical level of
$20,000 a few days ago, Bitcoin is currently displaying its
sustainability. The asset has defended its stance on the level and
also made an impressive consolidation. This was noted in the early
trading hours of September 6, as the price of BTC reached $20,200.
It’s worth noting that the bears tried to pull down the price of
Bitcoin yesterday as the token recorded $19,730 on Binance.
Remaining at the critical level is the only chance for the leading
crypto to make further uptrend. At the time of writing, Bitcoin is
hovering around $19,862 depicting a loss. Its market cap has
reached over $386.2 billion, while its dominance over altcoins is
at 40.04%. Altcoins Are Calm, While ENS Surged The price movement
for the altcoins show calmness, with a minimal drop for a few
tokens. Most of the assets have consolidated their reclaims in the
past day. Related Reading: Polkadot Seeing Lots Of Development
Activity – But Why Is DOT Stuck In The Cellar? But the Ethereum
Name Service’s coin, ENS is taking the lead with an almost 11%
increase in today’s early hours trading. At the press time, ENS is
trading at $16.91. EVMOS is closely following. Recall that EVMOS
was the worst crypto asset in price performance as of yesterday.
For Ripple (XRP), it seems to be a time of strength with
progressive performance. Featured image from Forbes, chart from
TradingView.com
TRON (COIN:TRXUSD)
Graphique Historique de l'Action
De Oct 2023 à Nov 2023
TRON (COIN:TRXUSD)
Graphique Historique de l'Action
De Nov 2022 à Nov 2023