Key points of the article:
Total Crypto Market Cap – TradingView Platform
Crypto’s market cap now tops $ 1.1 trillion with a combined increase in bitcoin, altcoins and challenges
Cryptocurrencies continue to have the wind in the sails in the financial markets as the price dynamics for Bitcoin, senior altcoins, minor altcoins and decentralized financial tokens develop together (challenge).
If you add it all up to get total crypto market cap it is now $ 1,130 billion, more than the market cap of all banks combined.
Price movement and volume are therefore present for a well-constructed and restarted uptrend.
Bitcoin Euro – Source TradingView
The Bitcoin euro prevailed above a chart triangle and started its upward trend again
The years 2015/2016 and 2018/2019 were brackets without a trend and thus formed a concrete basis for taking up the momentum of a new upward trend. In the last few months, Bitcoin has found itself in this umpteenth upward trend in terms of content, a movement itself that is characterized by small phases of an interval.
For almost four weeks, btc eur has been forming a chartist triangle, a continuation of the configuration based on the strictly academic approach of the technical analysis of the financial markets. If the market is dropping from the top on a daily basis, it is a signal to continue the uptrend. Interrupting support at € 25,000 would invalidate this scenario.
DailyFX provides forex information and technical analysis on trends affecting the international currency markets.