Thursday and Friday was Cryptocurrency The market is growing at the same speed again, but this weekend it will calm down for a while. Total market capitalization reached $2.19 trillion last night, dropped to $2.14 trillion last night and returned to $2.17 trillion this morning.
Despite the fact that many cryptocurrencies have calmed down for a while, the prices are looking fresh bottoms up Settle in to get ready for more hikes. The market still looks rising The decrease in supply continues to be a driving force for prices.
The long-term supply of bitcoin holders has reached an all-time high.
These entities now own 12,674,515 BTC.
This represents 67% of the supply, and 84% when adjusting for lost coins. pic.twitter.com/M9SHIxCO3Y
– Will Clemente (@WClementeIII) August 21, 2021
Bitcoin (BTC) It made another sharp bearish move yesterday after the price touched $49,250. Bitcoin briefly drops below $48,000, then makes a big rally bounce, bounce up to $49,500. Later in the afternoon, bitcoin set a new high at around $49,675, but it has fallen a bit since then. Bitcoin dropped below $49,000 multiple times last night, but the price appears to be holding steady here this morning for the time being. It remains to be seen if we will see another $50,000 test today, but it won’t be long anyway. There seems to be a lot of confidence in the $50,000 sum:
August # bitcoin Options Expire Next Week, $50K is Biggest Open Strike on the Upside pic.twitter.com/GjgUauBPRk
– skew (skewdotcom) August 20 2021
Ethereum (ETH) It looks less stable this weekend. Ether price also made a sharp downward move from $3,300 to $3,225 yesterday, and then bounced back to the high of $3,310. However, the ether dropped back to $3,200 overnight, and the price appears to be finding support around $3,250 this morning, but it remains to be seen if it continues.
Cardano (ADA) It goes on strong. ADA rate correction new dimension absolutely high (ATH) from $2.58 Friday, to $2.40 last night. ADA rose 10% last night and reached $2.64 this morning, another fresh ATH this morning. There may be more to come. ADA is up 120% this month.
Solana (SOL) rose to a new ATH of $81.25 Friday night, but fell sharply on Saturday and the price of SOL fell today. SOL is up 180% in plus this month.
In addition, we are seeing a number of other prices correcting downward which rose sharply last week. Terra is down 6% today, but it’s still 280% in plus this month. XDC (XDC) is down 7.5%, but still up 140% from the previous month, and Avalanche (AVX) is down 11%, but up 300% this month.
Some cryptocurrency prices are also turning green today. Filecoin (FIL) and Harmony (ONE) increased in value by 7.5%, Non-fungible token (NFT) Engin (ENJ) and chiliz (CHZ) also increased by 8.5%. Thorchain (RUNE) and Cosmos (ATOM) are 15% in the positive category. The Near Level (NEAR) is the fastest and is 27% in the positive wave today and is close to 200% this month.
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