Bitcoin & Many Altcoins In The Green This Morning.
Good morning. Bitcoin and the crypto market is mostly in the green this morning with most of the large crypto tokens seeing slight rises.
Is this the start of something more significant or is it just a brief flurry?
Let me give you a quick round-up of the crypto market.
Bitcoin Price - $69,262.64 Up 0.7% over the past 7 days.
Ethereum Price - $3,829.79 Down 2.1% over the past 7 days
Bitcoin Analysis.
Bitcoin is still in its post halving re-accumulation period where Bitcoin consolidates and trades sideways for a period after the halving.
Bitcoin has risen slightly over the past 7 days and is up 0.7% with the range high being $70,425 and the range low $67,120.
Bitcoin is currently up 2.1% over the past 24 hours.
Altcoin Market Update
The overall altcoin market has had a sluggish week with most altcoins falling in price which has presented opportunities for savvy investors.
However, many altcoins are seeing a slight rise this morning with some of the top gainers seeing double digit gains.
The altcoin hype cycle is now rising which tells us the investors and hype is coming back into the altcoin market.
And everyone is now waiting for the first major altcoin pump since the halving.
For altcoins to go on a run, we need to see a major rally from Bitcoin and Ethereum and other top altcoins as this money will then trickle down to the smaller tokens.
For now, investors have to be patient as we await a major catalyst that will trigger a major altcoin rally.
Crypto Coin To Watch
With the Real World Asset (RWA) niche of crypto gaining hype and interest, the ONDO token is the daddy of RWA tokens and is set to be a big winner of the crypto bull run.
ONDO has been one of the few tokens that is performing well at the moment and is up 19.8% over the past 7 days and is up 4.3% over the past 24 hours.
Seeing that ONDO's price is in an upward trend, it isn't the right time for investors to buy in but an inevitable dip will come which will present investors an opportunity to buy one of the hottest RWA tokens.
ONDO is definitely a token to watch over the next few months.
ONDO Key Statistics:
Price - $1.43
Market Cap - $2,086,139,048
Top 3 Crypto Gainers
Below are the top 3 crypto gainers over the past 7 days -
1)GME $0.0133 Up 231.5%
2)HABIBI $0.042 Up 74.6%
3)NYAN $0.36 Up 56.3%
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I hope you enjoyed today's crypto update and I'll update you again in the week.
Disclaimer - Nothing in this email should be taken as financial or investment advice. This email is for educational purposes only.
Cryptocurrencies are volatile assets and there is a chance that you could lose some or all of your money.
If you invest in crypto investments do your own research and never invest more than you can afford to lose.