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The new year has come out well news for the Bitcoin community with the most important cryptocurrency that records a one-year BTC transaction in a week. The daily transaction exceeded 280,000 registered marks last time in January 2018. Last year in April, when the transaction lost its 2 year minimum, it has since been moving in an upward spiral. The Bitcoin transaction peaked in December 2017, which recorded over 400.00 brands with a high value of up to $ 20,000.
On Thursday, the bears returned to the encrypted space again, removing the buyers and dragging the value of Bitcoin under $ 4000. The fall in prices of the most valuable digital asset in terms of market capitalization has generated a cascading effect on other alternative sectors. of the whole market. Currently, the downward spiral of the most popular cryptocurrency has pushed other digital assets to exchange momentum. Bitcoin [BTC] it has passed moderately in this period of time with the currency that has dropped about 1.7% in the last seven days and gained almost 10.3% in a period of one month.
BTC / USD
The MACD, at the moment, suggests that the cryptocurrency is drowned in the bearish zone. The virtual asset is experiencing a downward trend, as for the 100 EMA line. At the time of printing, the currency is traded below the key support level, which can be found at $ 3.907.
At the time of writing, the hourly RSI indicator is plotted at 20.7, which implies that the digital asset is immersed in the oversold level. Currently, cryptography has decreased by almost 5.92% compared to the US dollar to be valued at $ 3,817.27. Turning to the CoinMarketCap data, the overall valuation of the virtual currency market is $ 66.7 billion.
Bitcoin [BTC] price table
Bitcoin [BTC] Latest updates
- Among the recent developments of Bitcoin, Trust Wallet has announced its support for this crypto on Android and together with it has also added Litecoin (LTC) and Bitcoin Cash (BCH) for all its users. After updating the Trust Wallet app to its latest version, users can enable new digital assets by clicking on the plus sign in the upper right corner. Trust Wallet aims to make the system and support more user friendly.
- In an interesting development that may surprise many, Bitcoin has passed Ethereum in the number of nodes for the first time since 2016. Currently, Bitcoin has 10,266 nodes while Ethereum is at 10,078, according to Trustnodes report. The numbers acquire even more significance because during the summer 2018 Ethereum had about 16,000 knots that now have halved to about 8,000. A similar thing happened to Bitcoin in 2015-16 when the number of nodes dropped to just 5000, which now doubled to 10,000. One of the main reasons for this growth could be the growth of the incredibly bloated community from 2015-2016.
See also:
Bitcoin exceeds Ethereum in number of nodes for the first time since 2016
Trust Wallet adds support for Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH), other "interesting news" in the coming weeks
Image via Shutterstock
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