Cryptocurrency Market Price Analysis — Bitcoin up by 4.78%

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Cryptocurrency Market Price Analysis

As of today’s cryptocurrency market price analysis, BTC dominance is 52.39%. For last 24 hours, Bitcoin demonstrated the positive growth of 4.78%.

At the moment of publication, UTC 4.00 the price of wold’s first cryptocurrency was $ 4814.55. Current market capitalization is $79,994,526,690. The trading volume of last 24 hours was $2,031,430,000. Present circulating supply is 16,614,437 BTC. As we see from the chart, Bitcoin gradually increased past month.

Bitcoin Market Price Analysis

For last week the price of Bitcoin increased by 10,27%.

Bitcoin Market Price Analysis

Basic information

The price of bitcoin continues to grow. The Fibonacci expansion levels point to the following potential growth targets.

Chart 01

  • The price of the Bitcoin continues its ascent. It begins to violate the barrier at the level of the 50% Fibonacci extension.
  • Looking at the following expansion levels, new growth targets are emerging. Bitcoin continues to grow thanks to a strong bullish impulse.
  • Technical indicators on the daily chart also suggest the continuation of the ascent.

Ethereum -2.13% — Market Price Analysis

As of Ethereum market price analysis, at the time of publication, its price was $ 298,23. Ethereum demonstrated negative statistics of -2.13% for last 24 hours. It seems that for now, Ethereum is bouncing around $ 300 mark. Current market capitalization is $28,428,407,297 or 5,892,668 BTC. The trading volume for last 24 hours was $538,276,000. Present circulating supply is 95,035,059 ETH. For last 7 days, there was the meager growth of 1.31%, according to cryptocurrency news

Ethereum Market Price Analysis

According to current cryptocurrency market price analysis, Ethereum growth remains non-existent. It shows no strongly pronounced signs of either uptrend of a downtrend. Other members of top ten cryptocurrencies show downtrend for now.

Other News

After the ICO ban in China, tokens began moving to Japan. The largest site for the Bitcoins exchange in Japan, Coincheck, received hundreds of requests from Chinese startups about the transfer of their tokens to them.

Japan Bitcoin

In brief, in early September, China banned ICOs in the country, considering it an illegal form of fund-raising. On September 28, Korea followed the example of China. It issued a similar radical ban on all activities related to the ICO. On the same day, Japan’s financial regulator granted licenses to eleven cryptocurrency exchanges. In Japan, the climate is much more friendly for crypto startups. So, the Japanese exchanges are ready to accept the tokens of the Chinese ICO. But, certainly not all of them.

Japan is now struggling with South Korea for the title of the world’s largest market for Bitcoin trade. At the same time, the Coincheck marketplace occupies about a quarter of all operations with Bitcoins in Japan.

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