Here’s what you need to know on Saturday August 29
BTC / USD is experiencing a slight rally but has not been able to climb above the daily 12-EMA at $ 11,600.
ETH / USD is about to crack $ 400 again after a double bottom. The daily 12-EMA at $ 396 is currently acting as a strong resistance level.
XRP / USD the recovery is underway, however, the price is currently well below one of the daily EMAs which are on the verge of turning bearish.
Numeraire is the biggest winner today with a 42% price increase, followed by UMA, ranked 32nd and Yearn Finance, which is approaching the $ 18,000 mark with a 24% pump.
Chart of the day: 4 hour NMR / USD chart
A green day for the whole market but Bitcoin continues to lose its dominance, which has fallen by almost 1% since August 22. Altcoins continue to gain ground, especially Ethereum which has gone from 9% dominance to 13.3% in less than three months.
The total market capitalization increased significantly after the great crash of March 12. The lowest value was around $ 174 million and the high was $ 373 on August 16, near a two-year high.
Tyler and Cameron Winklevoss, known for their Bitcoin holdings, believe Bitcoin alone could reach $ 500,000 someday. According to the twins, there are fundamental problems with the US dollar but also with gold and oil.
SBI Holdings, a Japanese financial company launches CFD trading. According to the announcement, orders can be placed in US dollars and yen and customers can use leverage.
We manage three types of crypto assets: Bitcoin (BTC), XRP (XRP) and Ethereum (ETH). For every cryptocurrency there are stocks against the yen and the first financial products trader to handle the stock against the US dollar, so you can trade a total of 6 stocks.
Quote of the day
Bitcoin and the ideas behind it will disrupt traditional notions of money. Ultimately, the currency will be better for it.
– Edmund Moy, 38th Director of the United States Mint