Bitcoin, DOGE and Uniswap rose while market remains red – Market Summary

Charlie Taylor

Bitcoin is now struggling to hit the $33,000 level after its decline took it to a 2-week low. Most alternative currencies also failed to escape this downward movement, and Ethereum, which had performed well this week, dropped to $2,091 today (09), according to CoinGoLive.Bitcoin, DOGE and Uniswap are up, while the market remains red according to the CoinGoLive chart todaySource:

Bitcoin between US$ 40 and 30,000

As reported yesterday, the bears continue to advance into crypto territory. Bitcoin yesterday  lost over $2,000 in hours. This resulted in a drop to just over $32,000, which became its lowest price since June 27. Despite growing concern about Bitcoin price declines, there is an indicator that improves the investment outlook a mid-term. O Bollinger indicator, which measures cryptocurrency volatility, indicates that Bitcoin's current price range is about to set another plateau in the coming weeks. This can be decisive for the cryptocurrency in the medium term.Bollinger bands to establish bitcoin technical analysis Source: – Bollinger Bands BTC/USD – CoinbaseThis indicator is calculated by dividing the difference between the lower and upper price range, considering the last 20 days. This week, the indicator dropped to 0.15, the lowest level seen in the past two and a half months. Experts are therefore betting that data on Bitcoin futures and entry of large investors into cryptocurrency funds show that the next move could be bullish. In other words, the market leader, according to the indicator, would be close to recovering reaching US$44,000.However, if this indicator moves inversely, the cryptocurrency may lose the support of US$30,000.Em 7 days, the cryptocurrency retreated 2.39%. In one day it rose 1.70%. BTC's dominance has risen to 44% while its market capitalization remains at $616 billion.

Dogecoin and Uniswap go up

Most altcoins had substantial losses within 24 hours, only Dogecoin and Uniswap were the largest capitalized altcoins with positive gains. DOGE accumulates 3.40% high in 24 hours, but during the week he was not so lucky. In 7 days, the asset lost 11.14%, closing today the price at US$ 0.21. Uniswap (UNI) has appreciated 0.75% in the last 24 hours. The cryptocurrency, which was recently made available on Foxbit, trades at US$20.35 this morning, having made a rise of 13.27% this week. Uniswap's decentralized financial protocol runs on the Ethereum blockchain and allows trading between two assets. The network's token is the UNI.Ethereum (ETH) ends the day down 2.23% while the BNB also falls, trading below $310. The cryptocurrency market capitalization is $1.4 trillion this Friday (9th).
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