Like Bitcoin (BTC) finally crossed the psychological threshold of $30,000, the cryptocurrency industry has woken up to a 'good morning,' the positive momentum helped it grow its market cap by $52 billion in a single day, as Bulls look towards recovery from the $2 trillion level.
In fact, the whole crypto the market capitalization is currently above 200-MA (moving average in 200 observed time periods) and 200-EMA (exponential moving average), according to the analysis published by crypto trading expert Michael van de Poppe on April 11.
2 trillion dollars in sight?
That said, the analyst also noted that the cryptocurrency market needed to break crucial endurance to $1.25 trillion to continue towards $2 trillion as it currently sits near $1.24 trillion, demonstrating a "beautiful retest of the 2017 high and weekly bullish divergence."
As it happens, the total crypto market capitalization increased from $1.19 trillion to $1.24 trillion at press time, meaning it has added more than $52 billion or 4.43%. in just 24 hours, according to the latest data accessed from the cryptocurrency monitoring platform. CoinMarketCap April 11
Blood on the streets Fiat
In comparison with Bitcoin and other crypto assets, fiat currencies have been going through a bloodbath, continually losing value on daily, weekly, monthly, and even year-to-date (YTD) charts, according to the recent data acquired from pricedinbitcoin21the platform that tracks the prices of traditional assets against Bitcoin.
For example, the US dollar (USD) fell 32.66% in the last month compared to Bitcoin, the euro (EUR) 30.99%, the British pound (GBP) lost 30.44%, the yen Chinese (CNY) 32.45% and the Russian Ruble (RUB) 38.46%, while Bitcoin increased in value by 46.50%.
In fact, Bitcoin price at press time stood at $30,064, gaining 6.22% in the last 24 hours, 8.08% for the week, 46.50% in the prior 30 days. , as well as 80.98% since the turn of the year. According to the latest data collected by fine ball April 11
It should also be noted that investors as Roberto Kyosakibestselling author personal finance book 'rich dad poor dad,' have already warned of the decline of fiat currencies, and Kiyosaki strongly believes that the global dominance of the USD as the world's reserve currency is coming to an end, comparing it to "toilet paper.โ
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