(11/7, Mon) btc rose 1.3% weekly with the dominance falling to 40.7

in #btc2 years ago

Yesterday(11/6 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $21294, its lowest as $20876, its highest as $21357, its closing as $20902. Bitcoin reached a high 30 minutes after the start of Sunday, then declined weakly and moved sideways before falling to the low at 23:45 and ended -1.8% down.

If you look at the 4hr chart, it fell below $21k again after breaking through it the day before, it doesn't seem necessary to attach much significance to the weekend move. On the daily chart, corrections came out after the N-shaped rise, and it is likely that more day's corrections may come out for a few days.

Bitcoin rose 1.3% weekly with its dominance falling from 41.5 to 40.7 while Ethereum fell -1.4% weekly and some altcoins rose more than 20%. This week, important events such as the US midterm elections and CPI announcement are scheduled, so large volatility is expected and the caution is needed.

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