But, let's see some numbers, first.
- BTC $50,345 - Dominance 60,86%
- ETH #1725 - Dominance 12.85%
- USDT $1.00 - back in third place
- ADA $1.14
- BNB $236.79
- DOT $34.5
- XRP $0.465
- UNI $33.51
- LTC $187.79
- LINK $29.10
The market capitalization is $1.609 T with a daily volume of about $167b
BITCOIN
The king of crypto seems as of it has been established the price above $50,000, after a great weekend and the great news from the stimulus package of the US Government. Of course, we must note that there is not enough trust - for now - as the dominance is low, and the volume is not as high as it should mark a strong uptrend.
But, it seems as Bitcoin is indeed following this trend. A history trend dictates that we will need another full week and possibly another retest at $49,000 - $48,000 inside the accumulate zone, before a breakout to a new all-time high in April.
ETHEREUM
The second larger currency had a very interesting weekend, not only as it increased almost 14%, but mostly as the general strength that it shows. Also, there is an overhaul about the incredibly high fees, scheduled for July, that in my opinion will reestablish its role on the market.
The crossing of the Ichimoku cloud in the 4h-chart and the fact that it is testing the Fibo retracement at 61.8% at $1749 are very bullish signs.
But, this is a level of strong resistance (see 15m-chart on image) and it could hold, for now. The rejection will set a retest on the 50% and possibly the 38% Fibo at $1584. Both are strong support levels and one of them I think it will hold.
Stay Crypto/Stay Safe
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