As of yesterday, the negative news has seriously shaken Bitcoin (BTC), currently market analysis for altcoins.
With BTC not finding enough buyers in the crypto market in recent days, fall scenario had begun. Especially since yesterday sue KuCoina opening, Silicon Valley Bankproblem and The scandalous collapse of the Huobi Token It has truly shaken the cryptocurrency market. With the fall below the $20,000 level on the BTC side, support levels were tested on the altcoins basis.
Dominance Analysis, What is the Latest Situation for Altcoins?
As BTC sags below $20,000 dominance Great movements were also observed for the level. Current status percent 42. 81Dominance, which received support from the level of 43. 10 activated level. BTC dominance level 43. 10 With it exceeding , decreases can be observed on the basis of altcoins. For the revival of the altcoin market, the dominance level must be restored. 42. 81value can be observed.
Altcoin Market Cap Analysis
Altcoins market to its valueIf we look, 132 billion it is seen that the dollar has functioned as a peak and started to decline. Recently served as support one hundredWith the market cap of $.86 billion breaking down, 93. 34 billion dollar market cap can act as support. Considering the possible uptrend scenario, one hundred. 86 billionexceeding the dollar market value 107. 62 billiontargeting the dollar market value can be followed.
