Crypto Market Overview: Bitcoin Over $3700

Bitcoin is trading above $3700 (at the time of publishing) and most of the cryptocurrencies shows green movements in the past two days.

Most of the cryptocurrencies are showing upward movement. The crypto market is quite stable in the past week.

Bitcoin (BTC) is 82 percent down from the all-time price that was $19760 achieved on 16 Dec 2017. Bitcoin facing a major downtrend in the early stages of 2018. After a massive drop in price on Nov 15 price touched a new all-time low of 2018 and hit $3100.

Bitcoin is struggling to cross the $4500 milestone in the previous months. The volume is not high to break this resistance zones. 

Bitcoin made a double bottom at $3200 and showing some strength after that. Bitcoin price gained 2.43 percent today and crossed the $3700 levels. 

Ethereum (ETH) outperformed Bitcoin in the past weeks and show double-digit gains. Ethereum made an all-time low of $83 since the massive bull run of Dec 2017. 

Ethereum (ETH) have gained some movement on the Constantinople HardFork initially scheduled on 15 Jan. Ethereum touched $160 and again down to $100. 

The Constantinople HardFork is now scheduled on 27 Feb. The HardFork news fuels the price again reached the $135 points. Ethereum gained more than 35 percent in the past couple of weeks.

Ripple’s XRP the 3rd largest cryptocurrency by market cap is almost stable in the whole drama. Yesterday the cryptocurrency shows a 4.10 percent growth. XRP unable to defend its second position and overpassed by Ethereum (ETH).

The total market cap is $126 Billion. The total volume is $27 Billion and shows massive growth in the past weeks. 

Institutional investors are showing great interest in Bitcoin and some top cryptocurrencies.  Adoption and developments are on the way and increasing. Bakkt and Fidelity will launch their cryptocurrency platform in 2019. Nasdaq will launch Bitcoin Liquidity Index (BLX) and Ethereum Liquidity Index (ELX) on 25 Feb.

We hope that the crypto market is bottomed out and show some recovery in the next few months.

The bottom is overrated, Buy the Fucking Dips.