Crypto market adds over $140 billion in one day

[AicecreaME]

The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

I think this is just the result of the mass adoption of bitcoin by several big establishments and companies which was broadcasted recently. The value of bitcoin is expected to go up because there are big corporations that have laid their eyes on btc recently. Big investments by big personalities and adding the fact that adoption of bitcoin in different platforms is slowly coming to life is what entices more investors along the way.

Of course, volatility still plays a great role in this kind of pump and dump. This is a very great illustration of what volatility can do to the position of any cryptocurrency there is in the market. It can go up in a short span of time and then dump later on, after several hours of high position. Whatever the price it will have, just never get lost and know your limit in risking.

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[ven7net]

Indeed, BTC and other cryptocurrencies are now showing an increase in their prices and this may well signal a market reversal and the beginning of the second phase of growth, which can probably last until the end of 2021. I believe that there is nothing special in this situation, and those who have been on the crypto market for a long time, then know that after each fall, the price of cryptocurrencies is growing. However, there are other factors that affect the fall and rise in prices for cryptocurrencies, for example, these are stages of growth and what is surprising, according to these stages, it is 2021 that is the last year of the next stage, and usually this year prices for cryptocurrencies are growing and show their new peaks.

[Kong Hey Pakboy]

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane.

Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.

[oHnK]

Bitcoin is not mentioned anywhere, but CBDC and blockchain are mentioned, which probably suggests that they will work on their own cryptocurrency, which means that we should not be overly happy about such a development.

When I looked at the site of Amazon, indeed BTC is not mentioned in the job vacancy but they mentioned about cryptocurrency which is include with BTC. In the position

I took this from Amazon website

leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities

But we should highlight that there will be a possibility Amazon will develop their own digital currency such as Libra of Facebook based on their statement.

[Handpari]

Crypto is now growing dqy by day. crypto is blockchain technology. Just like the start of the internet or digital movies and music. Crypto is here to stay you can’t stop new technology from growing. More and more money will be add in future.

[hazenyc]

The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

I think this is just the result of the mass adoption of bitcoin by several big establishments and companies which was broadcasted recently. The value of bitcoin is expected to go up because there are big corporations that have laid their eyes on btc recently. Big investments by big personalities and adding the fact that adoption of bitcoin in different platforms is slowly coming to life is what entices more investors along the way.

Of course, volatility still plays a great role in this kind of pump and dump. This is a very great illustration of what volatility can do to the position of any cryptocurrency there is in the market. It can go up in a short span of time and then dump later on, after several hours of high position. Whatever the price it will have, just never get lost and know your limit in risking.

There was also talks about laws from the European Union that large funds are allowed to invest a certain portion of their assets into cryptocurrencies. I don't know when the new law took effect, but I think it was quite immediately after it was passed. Might be a couple of weeks ago. Who knows whether that also contributed to the recent price increase, could be a possibility.

[Russlenat]

Crypto is now growing dqy by day. crypto is blockchain technology. Just like the start of the internet or digital movies and music. Crypto is here to stay you can’t stop new technology from growing. More and more money will be add in future.

That's a guarantee but the growth has to be properly evaluated as the market could be overvalued at the moment due to the hype. If you think it's overvalued, then don't buy at the moment, unless you are willing to hold it for long term.

the situation now is only good for day trading, but not on short term trade because IMO, the opportunity was when bitcoin dump below $30,000.

[btc_angela]

Crypto is now growing dqy by day. crypto is blockchain technology. Just like the start of the internet or digital movies and music. Crypto is here to stay you can’t stop new technology from growing. More and more money will be add in future.

That's a guarantee but the growth has to be properly evaluated as the market could be overvalued at the moment due to the hype. If you think it's overvalued, then don't buy at the moment, unless you are willing to hold it for long term.

Long term is really "secret" when investing in crypto. We can call it overvalued at any day because of the growth in the last 10 years though.

But in goes on a cycle of bullish and bearish.

the situation now is only good for day trading, but not on short term trade because IMO, the opportunity was when bitcoin dump below $30,000.

Shorts are not getting REKT, but for day trader or even intra, there could be some opportunity, but the window is too small in my opinion. Better to buy and then hold for at least end of the year

[Shenzou]

If bitcoin breaks over 50k in the next few weeks i don't doubt that we might see bitcoin reaching 100k by the end of the year, it might be a coincidence but the past few years we have always seen a huge growth in bitcoin investment and prices in the last quarter of the year, and to add to that the news hovering over amazon accepting bitcoin as  a payment system we could easily reach that point,

[AakZaki]

As far as I know Amazon has opened only one position for business in the field of cryptocurrencies -> Digital Currency and Blockchain Product Lead.

Bitcoin is not mentioned anywhere, but CBDC and blockchain are mentioned, which probably suggests that they will work on their own cryptocurrency, which means that we should not be overly happy about such a development.

it is not directly related to bitcoin, but this amazon plan has shown amazon's interest in developing new technologies related to blockchain and cryptocurrencies. Just waiting for further developments. Speculation like this often happens and of course the news will continue to grow.

[Ararbermas]

Its normal mate when bitcoin is gradually increasing in the marke wherein market always add masive amount, indeed if you subscribe to coinmarketcap you will receive a notification that the growth rate of the market is keep increasing day by day. Let's just hope that these time it will not stop to making progress again upto the current all time high value.,, because you know whale's always interrupt when they saw a massive amount of money in the market.

[isaac_clarke22]

~

Well expect the reaction to every emotion. Some people are too "immersed" to their money in crypto. I recall the emotional effects of crypto that made someone do something inappropriate to him/herself.

[Silberman]

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane.

Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.

What happens with those people is that they are always looking for the price to keep going down and they never buy coins for a cheap price because they are always expecting for the price to go even lower, and this is a problem, at some point you need to take a risk and what can be better than buying bitcoin for a 50% discount? And what is even worse is that even if that decrease in the price comes they are still not going to buy because at that point they are going to be too scared to do so.

[hazenyc]

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane.

Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.

What happens with those people is that they are always looking for the price to keep going down and they never buy coins for a cheap price because they are always expecting for the price to go even lower, and this is a problem, at some point you need to take a risk and what can be better than buying bitcoin for a 50% discount? And what is even worse is that even if that decrease in the price comes they are still not going to buy because at that point they are going to be too scared to do so.

Yes the 50% like was the point where I thought ok now Bitcoin should be oversold and resistance will come up. That was the case. A couple of rumors also helped Bitcoin to get back on track but it was oversold anyway at more than 50% loss fro its ATH. The best strategy is to not put all your available cash into one single position when a crash happens, but to put a fraction of it repeatedly into crypto even when it is downward slipping.

[Silberman]

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane.

Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.

What happens with those people is that they are always looking for the price to keep going down and they never buy coins for a cheap price because they are always expecting for the price to go even lower, and this is a problem, at some point you need to take a risk and what can be better than buying bitcoin for a 50% discount? And what is even worse is that even if that decrease in the price comes they are still not going to buy because at that point they are going to be too scared to do so.

Yes the 50% like was the point where I thought ok now Bitcoin should be oversold and resistance will come up. That was the case. A couple of rumors also helped Bitcoin to get back on track but it was oversold anyway at more than 50% loss fro its ATH. The best strategy is to not put all your available cash into one single position when a crash happens, but to put a fraction of it repeatedly into crypto even when it is downward slipping.

Correct, the classic strategy of buying the dip even if it is simple it has been proven to be every effective in this market and that is simply because many people are afraid of pulling the trigger when the time comes, they talk a lot about what they will do if the price of bitcoin became cheaper but as soon as they have the opportunity to do so they get nervous and they prefer to wait until the price goes back up only to complain about the missed opportunity.