![[뉴욕 코인시황/마감] Intensifying intraday downtrend … Bitcoin momentum weakening, BNB plunging](https://www.blockmedia.co.kr/wp-content/uploads/2020/12/비트코인-새-차트.jpg "[뉴욕 코인시황/마감] Intensifying intraday downtrend … Bitcoin momentum weakening, BNB plunging")
On the 12th (local time), the cryptocurrency market ended with a stronger overall decline compared to the morning, focusing on major stocks.
Eight of the top 10 stocks have fallen, and 78 of the top 100 have a red light indicating a decline.
# Bitcoin momentum weakening signal
According to CoinMarketCap, the price of bitcoin fell 1.16% from 24 hours ago to $5664.7.01 as of 4 p.m. New York time.
Ethereum fell 3.55%, Binance Coin 10.97%, Cardano 7.58%, Polkadot 6.42%, XRP 2.66%, Uniswap 3.48%, and Litecoin price rose 8.65%.
At this time, the market capitalization of the cryptocurrency market was $ 1.701.9 trillion, and the share of Bitcoin was 62.1%.
Source: Coin Market Cap (as of March 12th, New York time at 4pm)
# Continues downtrend in the futures market
Bitcoin futures prices on the Chicago Merchandise Exchange (CME) also closed lower. March, which is the most actively traded, fell $1090 to $58,655, April fell by $970 to $57645, and May fell by $485 to $58,745.
The Ethereum futures price fell by $75.25 in March to $1748.75, and in April by $57.00, trading at $1794.00.
# BNB plunges due to news of CFTC investigation
In the cryptocurrency market, most stocks ended the week on a downtrend.
Bitcoin is falling slightly from the 56,000 dollar mark. The trading volume is about $56 billion, similar to the previous day.
Ethereum is falling from the beginning of $1700, while most of the major stocks have fallen, Binance Coin plunged.
According to Cryptoglobe, an analyst known by the name of a smart contractor predicts that Bitcoin will soon surpass its previous highs.
The smart contractor responded to a tweet by another analyst that the bitcoin price will enter the 60,000-70,000 dollar range, and said that it also expects the bitcoin price to break the $60,000 line.
Kevin O’Leary, star and investor of the popular TV show Shark Tank, predicts that crypto assets could reach a market cap of $20 trillion.
Contrary to this optimistic outlook, although bitcoin maintains an uptrend and approaches an all-time high, there are signs that the upward momentum is weakening technically.
CoinDesk said that the 14-week Relative Strength Index (RSI), which is a momentum indicator, lowered its peak this year and formed a pattern of decoupling with the steady price uptrend. He said it suggests that there is room.
Bloomberg, citing an anonymous source, reported that the US Commodity Futures Trading Commission (CFTC) is investigating whether Binance deals with cryptocurrency derivatives against residents in the United States.
Shortly after the news that Binance is under investigation by CFTC, the price of Binance’s own token Binance Coin (BNB) plummeted by more than 10%.
In response, Binance CEO Changfeng Zhao tweeted, “As there is always FUD (fear, uncertainty, doubt) in bull markets, ignore it and keep BUIDL (quietly build the next financial system).”
In the US New York Stock Market, the Dow rose 0.9%, the Nasdaq fell 0.59%, and the S&P 500 rose 0.1%.