The biggest of cryptocurrencies bitcoinexceeding the psychological limit of 20,000 with purchases throughout the week. FTX the stock market is rising again to the level before its bankruptcy.
BTC has gained 22% since the first day of the week, which has long been discouraging. cryptocurrency gave life to its investors.
In this article, we will examine the total value of the crypto market, Bitcoin’s superiority over altcoins and the latest status of the leading cryptocurrency.
TOTAL
The total value of the cryptocurrency market started at $750 billion on the first day of 2023 and is currently hovering at $943 billion.
BTC.D
Measuring Bitcoin’s dominance against other cryptocurrencies BTC.D It is currently recorded as 42.70%. The dominance data, which has been in the range of 49-39 for a year and a half, started to rise again in September with the support it received from the bottom.
Bitcoin’s dominance has reached the highest figure in 4 months with the recent upward movement. In a scenario where dominance increases with the rise, BTC investors will benefit more from the upward price movements.
Latest Status in Bitcoin
Bitcoin, the largest cryptocurrency by market cap, has repeatedly planted green candles in the last hours.
Breaking $18,400 and $20,000 resistance within hours bitcoin bulls are currently fighting to get the $21,000 level. If the bulls can take the lead, the next major resistance is located at $24,300.
At this stage, it is extremely important to maintain the $ 20,800 levels for the upward trend to continue. The deeper support level is towards the $19,800 levels.
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