[코인시황] Altcoin surge… Maintain Bitcoin $59K

■ As of 9:30 a.m. today, Bitcoin (BTC) was traded for about $59,201 each. This is an increase of about 1.77% in 24 hours.

■ Over the course of 24 hours, the price of Bitcoin went between $56,846 and $59,243.

■ Looking at the price chart, the bitcoin price stayed at the 10-hour and 50-hour moving averages. According to technical analysis, this is a bullish signal.

Bitcoin started another week towards a major psychological resistance level of $60,000. It continued to maintain the $59,000 level following last week.

Bitcoin spot trading volume on the eight major exchanges included in CoinDesk 20 hit $2 billion in one day yesterday. It’s a figure that is almost unchanged from the previous day.

Bitcoin 30-day volatility fell to about 56% for the first time since the beginning of this year.

As previously reported by CoinDesk US, Bitcoin is currently in the’price maintenance phase’ and remains at an initial support level of about $56,000.

Ether and altcoins

■ Ether (ETH) traded for about $2121 as of 9:30 this morning. Compared to 24 hours ago, it is about 1.84% higher.

■ Over the course of 24 hours, Ether prices ranged between $2005 and $2124.

■ Looking at the price chart, the Ether price exceeded the 10-hour and 50-hour moving averages. According to technical analysis, this is a bullish signal.

Yesterday the market’s eyes caught Altcoins, neither Bitcoin nor EtherWas. As altcoin prices surged, the total market capitalization of cryptocurrency rose to $2 trillion.

Altcoins, including BitTorrent (BTT), Tron (TRX), and Tezos (XTZ), have been Double digit increase rateRecorded. It is interpreted as a result of both investors and traders taking risks and trying to find a return on small-cap tokens.

Steve Enrich, CEO and co-founder of Voyager Digital said, “The stable bitcoin price between $55,000 and $60,000 has created an atmosphere that encourages investors to explore other cryptocurrencies.” This coincides with the decline of the Bitcoin Dominance Index, which indicates where the coin market cycle is.”

According to TradingView, the Bitcoin dominance index has fallen from about 73% earlier this year to 57% now.

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