(9/5, Mon) btc rose 2.2% weekly with the dominance falling to 39.6% while eth rose 10.7% weekly

in #btc2 years ago

Yesterday(9/4 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $19821, its lowest as $19584, its highest as $20017, its closing as $19988. Bitcoin declined after Sunday's start, reaching a low at 08:00, then rebounded, reaching a high at 23:30, closing 0.8% up.

Looking at the 4hr chart, it rose to around $20k after support from the bottom of the box, it is difficult to put a meaning beyond a sideways moving. On the daily chart, it showed that it is ready to make a big move at any time, continuing sideways move for 8 days in a row.

Bitcoin stopped its decline over the past two weeks and rose 2.2% weekly, with the dominance dropping from 40.6 to 39.6. This shows that Ethereum is still leading the crypto market with a weekly gain of 10.7%, and I wonder if Bitcoin dominance will rebound after the Ethereum merge upgrade on 9/15.

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