Bitcoin, Crypto currency, Blockchain

Altcoin-market analysis KW25 – Bitcoin fell to 5 percent, IOTA 16 percent

The total market capitalisation has fallen to 241 billion Euro. All the crypto in the Top 10 currencies of course had to cope with losses, where Bitcoin fell to the lowest. Whether the long hoped-for ground, is still unclear.

NamePrice in €Market capital in €billionChange on last week %Course evaluationSupport in €Resistance in €
Bitcoin5.583,5995,48-4,74neutral5.338,455.753,30
Ethereum429,1642,98-6,58neutral393,80462,97
Ripple0,4517,74-10,58rather bearish0,430,48
Bitcoin Cash725,4512,47-11,07rather bearish702,70775,50
EOS8,877,95-8,54bearish8,119,49
Litecoin82,024,68-11,46neutral77,9087,16
Stellar0,23,66-8,85rather bearish0,180,21
Cardano0,143,53-10,24bearish0,130,15
IOTA1,002,79-16,01rather bearish0,961,11
TRON0,042,39-12,25neutral0,030,05

Shows the price development of ten crypto-currencies with highest market capitalization, which is expressed in billion euros. For crypto-currencies, which are not currently directly in Euro exchangeable, the respective trading pair with the US Dollar as a Basis and converted into Euro.

The last two weeks have been dominated by the stock market slide early last week. Within the last week, only 14 percent of the crypto managed of the currencies in the Top 100 price rises. Within the Top 10, it’s even more dramatic: All of the currencies of course had to cope with losses of at least 5 percent. As is often the case in such bearish times, the Bitcoin is to be the Top Performer, as investors, the money from the risk of pulling the richer systems.

The market capitalization has fallen in the last week of 260 billion Euro to 241 billion Euro. The structure of the Top 10 has not changed.

Although able to recover some of the courses temporarily, but overall it is still too early to bottom to confirm. It is important to observe the behavior over the specified Support. The course should be able to bounce off it and over the specified Resistances increase, that would be a sign of a longer-term recovery.

Best price development: Bitcoin (BTC)

As described above, the Pattern is well known: If Bitcoin falls, will fall almost currencies of all the Crypto. It is also known that in the last times, the majority of the Altcoins falls more than Bitcoin. The Bitcoin course is a course in the case of less than 5 percent of the winner for the week. After a course fall to 5,200 Euro could see a short recovery that was not enough, however, to the exponentially moving average of test values.

The negative, but rising MACD and the RSI at 45 speak a neutral language. For a Long Position it is still too early, rather one should at least a Bounce off the Support at 5.338,45 Euro or a Rise above the Resistance at 5.753,30 Euro wait. The Target in such a Long Position of the exponential moving would be the end of the EMA100 average just under 6.00 euros. As Stop-Losses the Support and Resistance can be used.

Worst course development: IOTA

Like all of the other courses also IOTA has fallen to a sideways phase. Here, the IOTA had to lose-of course this week alone 16 per cent of its course. Since the beginning of June, the price has fallen by a total of 42 per cent. Currently, the price moves slightly downward.

A negative, but slightly rising MACD and an RSI at 34 lead to a more bearish impression. You could nevertheless, as a Stop Loss the Support at 0,96 Euro, a Target at the height of the Resistance at 1.11 euros.

Stability of the Top 10

Again, the battle rages on, primarily on the rear seats of the Top 10: Cardano is still behind Stellar, however, the two crypto-separate currencies, with only four percent. The other crypto of the Top 10 currencies, at least 17 per cent separate. However, the controversial Stablecoin Tether threatens to soon in the Top 10 to enter, with Only 6 per cent separating the TRON rate and the Tether rate.

Winners and losers in the course of fall

On average, all crypto are like currencies of 8 percent. The majority of crypto-currencies has been performed so it is worse than Bitcoin. For the Top 100, the same applies.

A particularly strong increase, in addition to an unknown currency name Dodacemic, especially Binance Coin and Ethereum Classic, the course can demonstrate gains of 17 and 10 percent. In the case of Binance Coin various bonuses such as participating in Airdrops, or lower Trading fees may be the reason, while Ethereum Classic benefited from his Listing in the case of Coinbase. Loser of the week WaykiChain, whose price suffered a fall of almost 40 percent.

A total of 79 percent of the crypto-currencies within the Top 100 with a worse Performance than Bitcoin. The market share of Bitcoin is accordingly increased slightly and now amounts to 40 percent.

Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

Table data on the Basis of coinmarketcap.com

Chart images on the Basis of the data of bitfinex.com and coinbase.com.

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