Red sky for Bitcoin – danger or joy? Meanwhile, XRP finds (well) hidden strength as THETA breaks the top ten

Crypto at a glance

Right now, a pattern seems to be emerging in Bitcoin – climb to a crescendo all week, hit or get closer to a new all-time high, then back off and go again. Will this week follow a similar routine or is the cycle broken in one way or another?

It was certainly a bloody Monday in the crypto markets, and Bitcoin saw its sharpest drop in a 24-hour period in more than a month. The leading cryptocurrency fell from over $ 60,000 on Saturday to nearly $ 53,000 overnight – its lowest level since March 16. Bitcoin’s market capitalization even briefly fell below USD 1 trillion for the first time in almost two weeks.

Things seem to have stabilized around the $ 54,000 mark for now. Will the institutions see this as another opportunity to buy the dip and fix the ship before another run of up to $ 60,000 and possibly beyond, or are we set for another week of sideways trading or even further losses?

It’s not all bad news, however. While some of the bigger caps, including Ethereum and Cardano, have gotten off the pace along with Bitcoin, XRP continues to show strength and is up 10% in the past 24 hours. Can it make up for third place that it held for so long until recently?

In a kind of Cinderella story, THETA also broke the top 10 for the first time. THETA is the cryptocurrency of the Theta blockchain – an end-to-end infrastructure for decentralized video streaming and delivery. It has grown almost 70% in the last seven days, pushing Chainlink out of the top 10. Can it go up any further? It’s in close proximity to Litecoin now, which would mark a notable turnaround and push another old favorite even further down.

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In the markets

Surname price Price change (24h) Price change (7 days)
Bitcoin (BTC) $ 54,205.05 -6.42% -1.57%
Ethereum (ETH) $ 1,678.70 -6.64% -6.36%
XRP (ripple) $ 0.5712 + 10.00% + 16.74%
Currency (XMR) $ 216.69 -7.77% -1.61%
Polkadot (DOT) $ 35.21 -5.18% + 3.68%
Algorand (SOMETHING) $ 1.10 -9.85% -6.14%
Cardano (ADA) $ 1.12 -6.66% + 7.86%
Chain link (LINK) $ 27.16 -6.95% -2.79%
Aave (AAVE) $ 340.99 -8.30% -7.28%
UniSwap (UNI) $ 33.72 + 2.67% + 16.20%
Celsius (CEL) $ 4.90 -1.64% + 0.87%
Binance Coin (BNB) $ 256.38 -3.88% + 2.51%
Crypto market capitalization $ 1,694,186,775,514
MVIS CryptoCompare Digital Assets 100 large-cap index -4.83
MVIS CryptoCompare Digital Assets 100 Small Cap Index -6.39
MVIS CryptoCompare Ethereum Close VWAP Index -6.16
Prices and dates from [08:30, 23/03/2021] Source:, MVIS

The bitcoin economy

* *For definitions and findings, see

What Bitcoin did yesterday

We are closed yesterday, March 22nd, 2021 at a price of $ 54,529.15 – from $ 57,523.42 the previous day. It’s now been 16 days in a row that the price has closed above $ 50,000.

Yesterday’s daily high was $ 58,471.48 and the daily low was $ 54,288.16.

Around this time last year, Bitcoin’s price closed the day at $ 5,830.25. In 2019, it closed at $ 4,023.97.

To date, buying Bitcoin has been for …

99.9% every day since April 28, 2013.

Bitcoin market capitalization

Bitcoin’s market capitalization is $ 1,011,403,408,278from $ 1,077,071,644,262 yesterday. In that context, the market capitalization of gold is $ 11.041 trillion and Alphabet (Google) is $ 1.372 trillion.

Bitcoin volume

The volume traded in the last 24 hours was $ 62,955,883,802from $ 48,483,428,262 yesterday. High volumes can indicate that a significant price move has stronger support and is more likely to last.


Bitcoin’s price volatility over the past 30 days is 69.37%.

Fear and greed index

The market sentiment is down again in Greed at 66.

Bitcoin’s dominance of the market

Bitcoin’s market dominance is today 60.86. The lowest dominance ever recorded was 9/37 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is current 50.21. Values ​​of 70 or higher indicate that an asset is being overbought and may be prepared for a trend reversal or price correction. An RSI of 30 or less indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

“New investors will keep raising the price, but the rush of new shares that drains a rising stock cannot happen.”

– Jordan Belfort, former penny stock trader and Quaalude King

What they said yesterdayY.

There are now half a million # Bitcoin addresses that contain $ 100,000 worth of coins.

– Documentation from Bitcoin @ (@DocumentingBTC) March 22, 2021

Has anyone sold their Bitcoin for Fiat today?

– Seetee (@Seetee_io) March 22, 2021

Bill Gates was laughed at for promoting #internet in 1995.

Most of the people didn’t realize the importance of the internet. It took time to see the effects.

How long does it take for people to realize that #bitcoin is staying here?

– Altcoin Daily (@AltcoinDailyio) March 23, 2021

Crypto AM Editor writes

Sophia the robot to become the next NFT sensation

Can Bitcoin Reach $ 60,000 This Week?

Bitcoin attacks again on $ 55,000

Institutions drive cryptocurrency forward

Crypto AM: Longer reads

City AM Markets: What is Aave’s Decentralized Finance (DeFi)?

Crypto AM: Conversation with James Bowater

Crypto AM: Market View in collaboration with Ziglu

Crypto AM: Technically, in collaboration with Zumo

Crypto AM: A Trader’s View with TMG

Crypto AM: Mixing in the Metaverse with Dr. Chris Kacher

Crypto AM: speak legally

Crypto AM: headlights

Crypto AM: Founders Series

Crypto AM: Industry voices

Crypto AM: Walk the Crypto on tiptoe with Monty Munford

Crypto AM: Definitely DeFi

Crypto AM Parliamentary Special Five Part Series

March 2021

fifth day

Day four

Day three

Day two

day one

Crypto AM: Recommended Events

CC forum

Global investment in sustainable development

March 31 to April 1, 2021 – Dubai

Global Technology Governance Summit

April 6-7, 2021 – Tokyo

Warning notices

It’s definitely tempting to get carried away in the excitement, but please keep these careful words in mind: do your own research, invest only what you can afford, and make good decisions. Hopefully the indicators included in this article will help with this. Note, however, that the content of this article is for informational purposes only and is not intended to be investment advice or any form of recommendation or invitation. City AM, Crypto AM, and Luno always recommend that you seek your own independent financial advice before investing or trading in cryptocurrency.

All information is correct as of 08:30 GMT.

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