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Analysis

📈Market Overview

  • May 3, 2021

Bitcoin price closed the month down 1.98% which according to data from CryptoRank, was its first negative close in April since 2015.

In the same month Ethereum price soared over 44% to hit a new all-time high close to $3,000. This wide divergence between the top two cryptocurrencies shows that the markets have matured and Bitcoin’s underperformance is not affecting altcoins as much as it did in the past.

The entire Top 10 is traded in the green zone. Uniswap +11.9%, Ethereum +6.2% and Polkadot +4.7%.

Market capitalization: $2.36T (+2.36%)
The BTC dominance: 46.01% (-0.66%)
Fear & Greed Index: 61 (Greed)

https://cryptorank.io/heatmaps

👉 Top Gainers

Burger Swap (BURGER)+92.6%
Hifi Finance (MFT)+68.6%
Ankr Network (ANKR) +63.3%

👉 Top Losers

Nexus (NXS) -53.5%
Power Ledger (POWR) -22.2%
Polymath (POLY) -17.2%

BTC Futures

Aggregated Volume — $38.08B
Aggregated Open Interest — $16.69B

👉 Derivatives Market Analytics 

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Recent Posts
  • Istanbul Blockchain Week Launches Institutional Markets Summit: Pioneering Institutional Adoption of Digital Assets
  • HSC Hack Seasons Conference Cannes Unites Institutional Capital and Web3 Leaders to the French Riviera
  • Trescon Marks Ten Years as One of MENA Region’s Most Trusted Event Partners for Future-Focused Platforms
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