22 Apr Cryptocurrencies turning up, bouncing off supports
Cryptocurrencies are in a positive mood today with Ethereum (+3.1%) surpassing the $175 key level and Bitcoin (+1.99%) moving above $7,900. The leaders today areTezos(+6.62%), Monero (+6.81%), DASH(+5.81%) and Z-Cash(+5.53%). The Ethereum-based tokens are also up, with LINK( +4.34$) leading the advances of top cap projects, and BHT(+17%), DATA(+19%) and UCT (30%) presenting strong gains.
Fig 1 – 24H Crypto Sector HeatMap
The total market curve shows the crypto sector still is respecting the upward trendline that began just after the massive March’s selloff. The last action has created a double top, but as long as the trendline is kept, it may evolve as an ascending triangle.
The current market cap value is $197.98 billion, $2.967 billion (+1.52%) higher than yesterday’s value. The traded volume dropped by 26.53 percent and was $34 billion, as the dominance of Bitcoin is relatively stable at 63.77 percent.
Fig 2 – Crypto Total Market Daily Chart