The cryptocurrency industry went from being touted as a medium of illegal activities to a $1 trillion industry. Polkadot [DOT] and Chainlink [LINK], despite being new to the industry were of great help in aiding the $1 trillion journey of the crypto-verse.
While Bitcoin prolonged its journey over the mountains, its market cap didn’t fall behind, at press time, Bitcoin’s market cap was about $724 billion. Bad days were over for XRP as the altcoin had surged by over 43% throughout the week. The asset’s market cap was also back in form as it surpassed Litecoin to regain its position as the fourth-largest cryptocurrency.
At the time of writing, Polkadot [DOT] was trading for $9.58 with a 5.95% fall in the last 24-hours. Despite this downfall, the altcoin managed to retain its position as the seventh-largest coin with a market cap of $8.4 billion. Over the week, the coin had surged by 6.73%.
Polkadot [DOT] One-Hour Price Chart
Most of the assets in the crypto industry were seen dipping while Bitcoin continued to surge. Polkadot [DOT] seemed to be in sync with the other coins as it appeared to be drowning in the red sea. However, the one-hour price chart of the altcoin affirmed that DOT could potentially be gearing up for a change in trend.
The Chaikin Money Flow [CMF] indicator had fallen down below zero, however, it regained its stance and was seen climbing back over zero to the bullish area. The MACD indicator was exhibiting the same trend as it formed a bullish crossover.
Bitcoin [BTC] One-Hour Price Chart
Bitcoin was seen surging by over 4.61% in the last 24-hours. The king coin was surely headed towards $50K. At the time of writing, the price of BTC was $41,181.91. Over the week, BTC bagged in 34.13% of profits. It looks like Bitcoin was going to continue surging as all the indicators were pointed in that direction.
The Parabolic SAR indicator was seen laying out dotted lines below the candlesticks, restricting the chances of a downward breakout. The MACD indicator formed a bullish crossover and affirmed the presence of bulls in the market.