Bitcoin, Ethereum and Dogecoin lead the cryptocurrency market capitalization to reach $3 trillion
These days, digital currencies have become one of the most important things in the world that are followed on a daily basis by investors and all those who trade on trading platforms such as Binance and others. This definitely turns these investors and traders into analysts who analyze digital currencies every day and search Which one is going up and which one is going down.
Everyone who trades often has a certain opinion and you may see thousands of opinions in the trading market, some of them invest in Ethereum and some of them in Litecoin and others in Sheba and many other currencies, so you always find a lot of opinions in the crypto market.
Of course, before anyone invests in a particular currency, he looks at its current price and how this price has changed during the past days and what is expected for this currency in the coming days. Indeed, this is the ideal behavior for anyone who wants to invest sums, especially large sums.
What are the prices of the most important digital currencies today and how has their price changed over the past few days and what are the best digital currencies today to invest in in the opinion of many investors and what are the most important submerged currencies that are escalating at the moment, all of this you will know in the rest of the blog
At the beginning of the new week, the total value of the cryptocurrency capital reached 3 trillion dollars, and the two most important currencies in crypto are still on the rise, as Bitcoin made its upward movement earlier today and on the other hand, Ethereum entered the range of 4700 dollars to reach a new high Absolutely.
Bitcoin
After settling at $28986.74 on December 31, 2020, Bitcoin is trading at $63,370 on November 2.
Bitcoin price started a new high above $65,000 against the US dollar. BTC is showing positive signs and may rise further towards $70,000 which could be good news for all Bitcoin owners.
Bitcoin price kept bidding well above the $60K support area. As a result, Bitcoin started a new rally above the $62,500 and $63,500 resistance levels.
The bulls pumped the price above the $65,000 level and the 100 hourly simple moving average. Besides, there was a break above the major downtrend line with resistance near $61,550 on the hourly chart of the BTC/USD pair.
The pair gained speed to move above the $65,500 level. A top formed near $65,681 and the price is now consolidating the gains.
A clear break above the $66,000 resistance could open the door to a new rally. The next major resistance is near the $68,500 level. Any further gains could push the price towards the $70,000 level.
Hourly MACD Technical Indicators – The MACD is slowly losing momentum in the bullish zone. The hourly RSI for BTC/USD is now in the overbought territory.
Key Support Levels: $64,500, followed by $63,000
Key resistance levels: $65,500, $66,000 and $68,500.
All of this indicates that Bitcoin is on the rise towards $70,000 and usury may reach more than that in the next few days.
The price of Bitcoin is now 66,416, which is slightly lower than its highest price reached on October 20, which is 67,276, and with the value of the Bitcoin network exceeding 1.246 trillion dollars, Bitcoin currently dominates 41.5% of the entire market.
Ethereum
The market's second largest asset broke a new all-time high of $4,782 earlier on Monday, before dropping to $4,776.
Ethereum, which is up 2.5% on the day and 987% since the beginning of the year, It is now responsible for up to 18.7% of the combined market capitalization of cryptocurrencies worth $563.4 billion.
DOG
The price of DOG has now reached 0.279, an increase of 4% from a week to now, and the market value of this currency now reaches 37.26 billion dollars, and its trading volume in the last 24 hours is 3.7 billion dollars.
Another symbol trying to take advantage of all this hype is the Dogelon Mars coin, this symbol is based on Tesla CEO Elon Musk and his love for space travel. In October, the currency recorded gains of more than 3780%, surpassing Sheba's gains of 850%.
Several new tokens recorded impressive gains in October, with SAMO gaining 2925 percent to reach $389 million and HOGE's market capitalization of $189.7 million from $15 million at the beginning of October.
But this does not mean that these types of tokens will continue to rise to such impressive heights and may drop at any moment.
This blog is not an investment advice, but I just wanted to share with you the latest new developments in the crypto world.