An overview of the cryptocurrency market today Saturday, February 13
On February 12, the price of Bitcoin (BTC) reached its all-time high of $ 48,985 before returning to the $ 46,000 level.
A quick look at the 4-hour chart of this currency shows that the trading of this high-ranking cryptocurrency is in the consolidation stage, but BTC still maintains its bullish momentum through the higher price ceiling pattern and higher price floor. If BTC can maintain its current speed and structure, it is likely that we will see a move towards the $ 50,000 level before the end of the weekend.
Bitcoin currently has about four million coins in circulation, and since June 2020, this figure has been steadily declining due to an increase in whales and corporate investors.
With the increase in wallets containing more than 1,000 BTC units, there is growing evidence that whales are growing. As the number of large wallets increases, so does the number of smaller wallets.
Traditional markets came under pressure early Friday after federal regulators announced Feb. 11 that regulators had launched probes to investigate possible market manipulation of the abnormal jump in GameStop and AMC shares on Robinhood and Reddit.
All three main indices then jumped higher and ended the day with the S&P 500 and NASDAQ trading at 0.47% and 0.50%, respectively. The Dow Jones Industrial Average was up 0.09%.
Atrium (ETH) entered another unknown territory on Friday with a new record of $ 1863, while Polkadat (DOT) reached 29.52 overnight, rising 21 percent among the top 10 currencies.
Other altcoins that have outperformed in the last 24 hours include the Algrand Net Proof Protocol (ALGO), which has risen 38% to a high of $ 1.84. Thezos (XTZ) also rose 23% to a new record of $ 5.41.
Currently, the total market value of cryptocurrencies is $ 1.48 trillion and the bitcoin market dominance rate is 60.4%.