Week 10 – Overview of fundamentals and markets

Reset, week 10

Welcome to our weekly brief. Here you will find what is going on on the markets and what are expected events in week 10. It should help you with jumping back on track. 

Fundamentals and expected events: week 10

Cryptocurrencies: The total market capitalization of all cryptoactive assets reached $ 1.58 trillion again over the weekend. Bitcoin managed to regain a psychological price level of USD 50,000 over the weekend and even reached a maximum of USD 51,800 on Monday. Ethereum made a profit of 5 % and is currently priced at around $ 1,740. But the most profitable are DeFi tokens. Significant volatility on cryptomarkets thus continues.

Stock and commodity markets: Stock markets are now under pressure from government bond yields. The growth was helped by the approval of another support package of 1.9 billion. USD by the US Senate. Technology stocks are now under the greatest pressure. Investors expect a faster economic recovery, but they are worried about rising inflation and potentially rising interest rates in the future. Commodities, including gold, continue to weaken, only oil is rising.

Important events: Several important domestic macroeconomic data await us this week, including the February inflation rate. There will also be further ECB negotiations on interest rates and new data from industry will be available. Central banks will also assess the growth of government bond yields.

Cryptomarkets and marketcap: week 10

 The global crypto market cap is $1.58T, a 0.93% increase over the last day.

The total crypto market volume over the last 24 hours is $117.20B, which makes a 14.54% increase. The total volume in DeFi is currently $12.56B, 10.72% of the total crypto market 24-hour volume. The volume of all stable coins is now $91.60B, which is 78.15% of the total crypto market 24-hour volume.

Bitcoin’s price is currently $51,009.45.

Bitcoin’s dominance is currently 60.14%, a decrease of 0.45% over the day.

BTC/USD

The most actual price for one Bitcoin [BTC] is $50 564.87. Bitcoin is listed on 86 exchanges with a sum of 400 active markets. The 24h volume of [BTC] is $46 344 081 728, while the Bitcoin market cap is $942 952 429 838 which ranks it as #1 of all cryptocurrencies.

Bitcoin has successfully broken through resistance and is currently above $ 50,000. We see resistance in the $ 52,000 range. If BTC breaks this resistance, we’ll stop at $ 58,000.

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ETH/USD

The most actual price for one Ethereum [ETH] is $1 729.08. Ethereum is listed on 99 exchanges with a sum of 400 active markets. The 24h volume of [ETH] is $25 090 605 107, while the Ethereum market cap is $198 787 817 276 which ranks it as #2 of all cryptocurrencies.

Ethereum appears to form a round bottom pattern. The current resistance will be $ 1,800. If investors break this resistance, we will return to the original bullish channel.

Graphical user interface, chart

UNI/USD

Uniswap [UNI] is a token based on Ethereum blockchain. The most actual price for one Uniswap [UNI] is $32.99. Uniswap is listed on 36 exchanges with a sum of 78 active markets. The 24h volume of [UNI] is $1 743 054 766, while the Uniswap market cap is $6 935 351 584 which ranks it as #13 of all cryptocurrencies.

Valuation was up to 542% in 2021. UNI is one of the fastest growing DeFi projects, in spite of losses after the last month’s slump and now it is stronger than before.

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