Alex Kuptsikevich - Profile and Journalist Details
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Alex Kuptsikevich
Verified
Contributor, Bitcoin Insider
Limassol
Beats
Investments, Technology, AI, Asset Management , Fintech, Capital Markets, Data, Insurance, Digital Finance , Cloud, Quant , Banking
crime and courts
Content
By Alex Kuptsikevich| Bitcoin Insider@ By Alex KuptsikevichMarket PictureThe crypto market has gained 4% in cap in 24 hours, but this looks more like a wild swing than the start of a recovery. The $2.87 trillion market remains below the long-term trend line of the 200-day moving average, near $3 trillion, and the initiative has shifted back to Bitcoin. Bitcoin's share of the crypto market exceeds 60%, which is typical in periods of fear. This time, we also note the decline in Ethereum's share to 9%, a low in almost five years.
By Alex Kuptsikevich| Bitcoin Insider@ By Alex KuptsikevichMarket PicturePressure in traditional markets has clipped the wings of the crypto market, which is almost back to the point from which Sunday's rally started. At the start of the day on Tuesday, it was capitalised at $2.76 trillion, having lost over 9% in the last 24 hours. The market fell under the 200-day average on increased momentum, and an attempt to rebound failed even with the help of cryptocurrency news.
By Alex Kuptsikevich| Bitcoin Insider@ By Alex KuptsikevichMarket PictureThe crypto market has gained 4% in cap in 24 hours, but this looks more like a wild swing than the start of a recovery. The $2.87 trillion market remains below the long-term trend line of the 200-day moving average, near $3 trillion, and the initiative has shifted back to Bitcoin. Bitcoin's share of the crypto market exceeds 60%, which is typical in periods of fear. This time, we also note the decline in Ethereum's share to 9%, a low in almost five years.
Company Info
Bitcoin Insider