This Thursday, the latest digital currency news show that most of the top ten cryptocurrencies are in a slight decrease, led by Bitcoin and its 0.41% decline. However, the crypto market seems stable and defending the $120 billion mark even despite the several billions wiped by this decrease.
The only top 10 cryptocurrency that saw gains was the stablecoin Tether (TUSD) which indicates that there was a great deal of selling in the crypto action. Litecoin, on the other hand, continued its strong daily volume and exceeded the $1 billion mark.
Meanwhile, Bitcoin lost less than 1% over the past 24 hours in a global manner of speaking. The flagship cryptocurrency started declining yesterday and is now trading at around $3,600 at press time.
The support for BTC is now set at $3,500 and there are some signs that we may see a strong bullish action. Still, many analysts remain realistic regarding the further downward pressure which may occur in the course of the next few days.
Right now, Ethereum (ETH) trades around $121 globally and is closer to $120 on exchanges like Coinbase. When it comes to its percentage rise, it is pumping in a more popular rhythm than Bitcoin. The global volume for ETH was about half than the one of BTC which could signify a very interesting future for Ethereum.
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“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
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