After enjoying its stay in the green zone, several cryptocurrencies were seen traversing to the red sea. The global crypto market cap followed suit by depleting down to $341.13 billion with a 0.22% daily decrease. Bitcoin’s dominance over the crypto market seemed to be better than last week as it was noted at 58.1%.
Bitcoin was seen prolonging its stay in the $10K zone as the community continues to root for the king coin to soon hit $11K. During the time of writing, the world’s largest cryptocurrency was trading for $10,671.26 with a 0.05% daily price drop. The market cap lounged at $197.51 billion.
The Bitcoin market didn’t have a very positive notion as key indicators directed the king coin into the bear cave. The Klinger Oscillator formed a bearish crossover and affirmed that the coin wasn’t going to hit $11K anytime soon. The MACD line remained below the signal line, also forming a bearish crossover.
Monero seemed to be the only one witnessing an uptrend while the other coins seemed to be on a downhill journey. The privacy coin was surging by 3.56% over the last 24-hours while its price stood at $110.12. The weekly performance of XMR wasn’t bleak either as it had increased by 14.15% over the last seven days.
After a week of enjoying its stay with the bulls, the bears seemed to be entering the XMR market. The formation of dotted lines above the candlesticks hindered the chance of an upward breakout highlighting the presence of bears in the market. The Awesome Oscillator formed red closing bars which also indicated the residence of the bears.
This fairly new crypto asset had its time under the crypto spotlight with its notable market cap. The price of the altcoin, however, seemed to have taken a hit. At press time, DOT was trading at $3.98 with a 4.52% daily drop. Over the last seven days, the altcoin had recorded an 11.52% decrease in its price.
DOT seemed to have taken a one-way ticket downhill. The Chaikin Money Flow lingered with the bears as the CMF marker was below zero. The Relative Strength Index was all the way in the oversold zone and was displaying a strong seller’s sentiment.