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The market capitalization of cryptocurrency has stabilized near a key level since the start of the week and increased regularly on the back of new tariffs after the increase in shares. However, the thrust was half that of the actions. Total capitalization reached 2.60 billions of dollars, pushing support nearly 2.3 billions of dollars, the level from which the rally began at the end of last year. Until now, this increase has been practiced because capitalization has not yet crossed its mobile average at 200 days, which points up and approaches 2.96 billions of dollars.
Bitcoin firmly maintained less than $ 75,000 in support at the start of the week. The recent growth push has increased the price of more than $ 80,000, which can be considered a comfort zone. Together, the first cryptocurrency approached the upper limit of the downward trend, and the main two-month trend test is just beginning.
Ethereum shows weakness compared to the market, plunging below $ 1,400 at the bottom of the week and bouncing later at $ 1,600. This rebounded on the lower limit of the downhill corridor, and the upper limit was nearly $ 1900. This level will be an important point to monitor for possible upward development
New context
Ripple announced the purchase of the Road Hidden platform for $ 1.25 billion. The agreement will strengthen the XRP ecosystem, including the Stablecoin Rlusd, the XRPL blockchain and the Ripple payment service.
Cardano founder Charles Hoskinson said the cryptography industry needed a “cooperative balance” to compete with centralized technology giants in the web3 race. He noted that the main challenge of Defi remains “the closed economy”.
According to Artemis Terminal, the cryptographic industry has lost around 40% of web3 active web3 developers in one year – an important marker of the poor health of the ecosystem.
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