The crypto market is now worth more than 1’000 billion USD. However, the market capitalization of altcoins is still just about 60% of how much it was at its peak at the beginning of 2018. In other words, an altseason could be around the corner if a pattern already seen in the past is going to be repeated. Actually, the past week has already seen a very good performance of altcoins, as you can see in our table above.
Whatever the case, mediatic exposition is booming for BTC and cryptos, and this is a great occasion for the blockchain technology to showoff the developments of the past couple years.
It finally happened. After three long years, BTC approached again the 20’000 USD level. In December 2017, it wasn’t able to catch it. Even worse, 20’000 acted as a strong resistance and Bitcoin fell back rapidly. This time around, things went differently. BTC crossed 20’000 USD on December 16th and didn’t stop there. It actually approached USD 24’000 in a crazy two-days rally. Bitcoin eventually fell down but was still able to close at around 22’500 USD.
The past week was a negative one for the cryptocurrency market. BTC uptrend appears to be losing some steam going into the end of the year. However, finding a sound ground in terms of price around 18’000 USD is an aimportant achievement. The first time BTC crossed the 15’000 USD marks, it was actually able to keep it for less than a couple months. Not pushing considerably back would be a great result in itself.
The past week was a very positive one for the top cryptocurrencies we cover. Last week proved to be nothing more than a temporary retracement and Bitcoin recovered from it and drove the whole market up. Altcoins were able to follow for the major part, with the whole market capitalization now well over 560 billion USD and very high volumes overall.
The cryptocurrency market is living its greatest moment since late 2017. BTC is creating the buzz and dominance is increasing. However, altcoins are rising soundly as well, with total marketcap excl. BTC sitting at levels basically not seen since summer ’18. All seems set for an altseason once BTC slows down a little bit.
The past week was very good for the cryptocurrency market. BTC price kept climbing without stopping and was able to cross and hold the 15’000 USD level. Altcoins generally lagged the movement but still were overwhelmingly in the green for the period.
The rally was fueled by the news that PayPal is going to integrate BTC and crypto payoments on its platform. The news is both a great one in terms of recognition from a huge payments business player like PayPal and in terms of effective crypto usefulness given how wide PayPal network is. BTC was trading in a lateral phase and this was exactly the kind of news needed in order to take a clear direction.
The 99-periods Moving average which was being tested a couple weeks ago held as a support and this keeps the general uptrend for BTC still intact.
On Friday, the market experienced some turbulence after the news that one of OKEx exchange keys-holder was cooperating with a public security bureau because of an investigation. This in turn caused the freezing of withdrawals from the exchange and BTC price to drop 3% in minutes. However, the 11’000 USD level was not touched and the price rebounded afterwards.
The past week was mildly negative for the cryptocurrency market. BTC price experienced some news-induced volatility during the last days of the period but the performance was not significantly in the red overall.
The past week was significantly negative for the cryptocurrency market. BTC price experienced some volatility and rebounded on its 100-periods daily moving average after falling consistently. All the top cryptos fell, with only Cardano (ADA) being able to report a positive result.