The whole market is worth 2.58 trillion dollars this evening, and the green coins are the exception, not the rule. đ
CoinGecko data checked at 17:00 PKT on 3 November puts total market capitalisation at 2.58 trillion dollars, with Bitcoin dominance near 59.87 percent and Ethereum near 10.69 percent. Bitcoin trades near 77,014 dollars, down 1.00 percent in 24 hours, Ethereum near 2,263.86 dollars, down 0.88 percent, Solana down 1.61 percent and BNB down 1.06 percent, while XRP is up 0.58 percent, Tron is up 1.81 percent and Monero is up 2.37 percent. đš My reading is that a market where only a handful of coins stay green, while dominance keeps rising, is still a defensive market, and chasing red coins just because they look cheap is the fastest way to lose in it.
Is the green in XRP, Tron and Monero real strength, or just coins that have not fallen yet? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketData
CoinGecko data checked at 17:00 PKT on 3 November puts total market capitalisation at 2.58 trillion dollars, with Bitcoin dominance near 59.87 percent and Ethereum near 10.69 percent. Bitcoin trades near 77,014 dollars, down 1.00 percent in 24 hours, Ethereum near 2,263.86 dollars, down 0.88 percent, Solana down 1.61 percent and BNB down 1.06 percent, while XRP is up 0.58 percent, Tron is up 1.81 percent and Monero is up 2.37 percent. đš My reading is that a market where only a handful of coins stay green, while dominance keeps rising, is still a defensive market, and chasing red coins just because they look cheap is the fastest way to lose in it.
Is the green in XRP, Tron and Monero real strength, or just coins that have not fallen yet? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketData
