Bitcoin and Ethereum were buoyant like the world on Sunday night cryptocurrency The market cap was up 2.2% to $943.75 billion as of 9:00 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 1.65% | 1.8% | $19,524.44 |
| ether ETH/USD | 3.8% | 4.6% | $1,362.33 |
| Dogecoins DOGE/USD | 1.7% | 3.4% | $0.06 |
| cryptocurrency | 24 hour change (+/-) | Price |
|---|---|---|
| Klaytn (CLAY) | +24.8% | $0.2 |
| aave (AAVE) | +9% | $89.4 |
| polygon (MATIC) | +8.3% | $0.90 |
See also: 2022 Robinhood Recap
Why it matters: The Apex Coin slipped below the 19,000 mark on Friday, but later, on the same day, reached the psychological mark again.
The two largest coins by market cap appeared to be heading into the new trading week on the back of a surge in broader risk assets. U.S. stock futures were in the green as of this writing — S&P 500 and Nasdaq futures were up 0.5% and 0.75%, respectively.
OANDA’s Lead Market Analyst Edward Moya said that a “massive reversal in the bond market” on Friday prevented a “massive wave of technical selling” in Bitcoin.
“Bitcoin was in trouble. If risk appetite can remain healthy, Bitcoin should continue to consolidate above the $19,000 level,” the analyst said in a note seen by Benzinga.
At the start of the new trading week, Alternative.me’s Crypto Fear & Greed Index saw a slight improvement in sentiment at 22 compared to 20 last week. The index continues to signal “Extreme Fear”.
A score of 0 on the index represents “extreme fear,” while 100 represents “extreme greed.”
Michael van de Poppe said that bitcoin is “still stuck in a range” and that the coming week – given the events – makes it “inevitable that we break out of the range.”
#Bitcoin still stuck in this area.
The coming week is a big one with all the events that make it almost inevitable that we will be out of the…
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