Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Bitcoin Price Rejected at Key Resistance as Uniswap’s UNI Hits $20 (Market Watch) Bitcoin Price Rejected at Key Resistance as Uniswap’s UNI Hits $20 (Market Watch) January 31, 2021 0 Comments
Following the highly volatile few days in which BTC displayed $6,000 price moves in both directions, the cryptocurrency has calmed around $34,000.At the same time, XRP and a few more altcoins have exploded in value and reduced BTC’s dominance to 62.5%.Uniswap’s UNI token even hit $20.XRP’s Massive Surge Reclaims #4th Spot
The past few days have been anything but boring in the cryptocurrency space – from the retail-driven hype for Dogecoin and up to four-digit gains, through the Elon Musk-prompted developments, to XRP’s impressive 24 hours.
As CryptoPotato reported, Ripple responded to the SEC’s charges saying that US agencies have already determined that the XRP token is a store of value, a medium of exchange, and a unit of account – not security.The asset’s price almost doubled in the following hours to a high of $0.52.
Although XRP has retraced to $0.45 at the time of this writing, it’s still 50% up on a 24-hour scale.
Furthermore, these gains have pushed Ripple to overtake Polkadot as the 4th largest digital asset by market cap.
Stellar has also enjoyed a substantial increase of over 10% and has returned to the top 10 after surpassing Binance Coin (2%).
Ethereum (1%), Bitcoin Cash (1%), Chainlink (2%), Polkadot (0.5%), Cardano (5%), and Litecoin (1%) are also slightly in the green.Cryptocurrency Market Overview.
Source: Quantify Crypto
Further gains are evident from Voyager Token (50%), 1inch (41%), Curve DAO Token (32%), Uniswap (25%), The Graph (23%), Loopring (22%), Ampleforth (20%) and more.
Consequently, the total market cap has managed to remain above the coveted $1 trillion mark.Bitcoin Stalls At $34K, Dominance Reduced
While some alternative coins have displayed massive fluctuations in the past 24 hours, the primary cryptocurrency has remained untypically calm.
On Friday, bitcoin initiated a remarkable leg up after gaining almost $7,000 of value in a few hours following a Twitter engagement from Tesla’s Elon Musk.However, the asset retraced virtually as quickly and dropped to $34,000.
In the past 24 hours, BTC has been stuck in a range from a low of $33,000 to a high of $35,000.As such, the increasing altcoins have decreased bitcoin’s dominance to 62.5%.
Just a few days ago, the metric comparing BTC’s market cap with the rest of the altcoins was at above 64%.
The technical indicators suggest that bitcoin has to overcome the resistance lines at $34,000, $34,450, and $35,000 to resume its bull run.Alternatively, the support levels at $33,000, $32,500, and $32,000 could contain another retracement.BTCUSD.Source: TradingView Market Update Report August.28 After tough weeks that reminded us of scenes from Kill Bill, we got a positive week in the markets.The green color returned to the cryptocurrency arena and there were even rumors that some traders were observed having FOMO positions.
As of this writing, the Crypto market is worth $228 billion, with Bitcoin’s dominance against the… Case for Universal Basic Income Gains Strength As Recession Fears Deepen Britain’s protracted and problematic Brexit from the European Union, coupled with China’s falling exports and America’s record trade deficit, has deepened fears of a recession at the start of 2019.Those looking beyond the doom and gloom believe the case for universal basic income (UBI) is getting stronger by the day – and now technological advancements… I Like Bitcoin Even More, It’s The Best Inflation Trade: Billionaire Investor Paul Tudor Jones Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments.As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations.In an interview with CNBC’s Squawk Box, the prominent investor doubled-down… Ripple Price Analysis: XRP Plunges Toward 200EMA Support As Bulls Failed To Claim $0.29 XRP rolled over and dropped by 3% over the past 24 hours to bring the price for the coin down to $0.266.
It is now battling to stay above the 200-days EMA and to remain over the ascending trend line.The cryptocurrency broke beneath major support at 2800 SATS against BTC.Key Support & Resistance… Breaking: Alipay Fires Back At Binance’s CZ, Will Stop Bitcoin Transactions Yesterday the majority of cryptocurrency media outlets reported broadly on the fact that Binance, the world’s leading cryptocurrency exchange, allows people to buy Bitcoin peer-to-peer through on-ramps on Binance.When asked, Zhao confirmed that people can use Wechat and Alipay to do so.
Almost immediately after that, however, Alipay came up with a complete refute… Bitcoin Price Analysis Jan.24: Attempting To Break Up With No Volume Not much had changed since our previous BTC price analysis from yesterday: Bitcoin is still consolidating in the tight range of $3500 to $3600.This move was followed by a low amount of volume, and it looks like that Bitcoin is seeking to find its next direction.Looking at the 1-day & 4-hour charts Bitcoin… SFUNDING: Utility blockchain platform for DApps and decentralized entertainment services [PRESS RELEASE – Please read disclaimer] SFUNDING is a Utility Blockchain platform that offers a favorable environment for DApps and decentralized entertainment services as well as ensuring transparency, fairness, and optimal user experience.Blockchain-based games developed by SFUNDING provide users with numerous outstanding features.
Track and validate ownership of digital assets.Offer a secure payment… Bitcoin Trading Volume in Hong Kong Skyrockets to ATH as Protests Rage On The political turmoil in Hong Kong continued on October 1st, the 70th anniversary of the People’s Republic of China.
The protests have continued even though previous proposals permitting extradition to mainland China were abandoned in June.Amid all this, Bitcoin’s volume on P2P trading platform LocalBitcoins surged to an all-time high in the past week.… Bitcoin Opens 2020 Volatile As Usual: Weekly Crypto Market Update It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile.Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in… Leave a Reply You must be logged in to post a comment.Search.
