Urgent: A sudden explosion of digital currencies .. Bitcoin exceeds 30,000
Urgent: Stunning heights.. the fall stops
Big gains, but...
The market value of digital currencies increased during the past hours by more than 90 billion dollars, to approach the levels of 1.3 trillion dollars, after falling near the lowest market capitalization in a year at 1.2 trillion dollars.
Despite the gains in the past hours, the sentiments of traders in the crypto market are still dominated by a state of great fear during Sunday's trading.
According to the Crypto Fear & Greed Index, it appears that the market is in its worst condition as it succumbed to the tone of the fierce bears amid the panic over the extension of the downside wave.
The Crypto Fear & Greed Index stands at its lowest level in nearly a year during these moments, recording 10 points, which reflects the state of panic that controls traders.
Urgent: very difficult and dangerous decisions.. loud surprises
Bitcoin domination
Bitcoin suddenly increased to exceed the levels of 30 thousand dollars, reaching the levels of 30.18 thousand dollars, an increase of almost 5%, equivalent to about 1.5 dollars in less than an hour.
While Bitcoin is still declining in the range of 13% in a week, by 25% in thirty days and more than 37% from the beginning of the year, Bitcoin oscillates between a high of 30.44 thousand dollars and a low of 28.7 thousand dollars.
The market value of Bitcoin fell to levels near 570 billion dollars, but the rate of Bitcoin's dominance in the crypto market rose to 44.2%, indicating the widening wave of the decline of altcoins faster than Bitcoin.
Urgent: Emergency rescue..to prevent disaster
Altcoins
Ethereum, the largest altcoin, surged more than 5% to reach levels above $2000 while still declining 19% in a week and 32% in 30 days.
Binance Coin BNB/USD rose within the limits of 10%, reducing its losses within a week to 16%, as it traded near the levels of $ 300, while declining 28% within thirty days.
Urgent: Abnormal height..confusing
Ripple XRP increased in the range of 7%, reaching levels of $0.42 while still declining by more than 25% within a week, by 45% within thirty days, and within 50% since the beginning of the year.
Cardano rose 11% to levels of $0.55, while the currency fell 26% within a week, and Solana jumped 12%, but it fell 32% within a week and by 48% within thirty days.
Dogecoin gained 4% and Polkadot 8% while Avalanche jumped 15% and SHIB/USD 6%, but the four coins are still down weekly by 29%, 19%, 35% and 34%, respectively.
