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Analysis

📈Market Overview

  • May 4, 2021

Ethereum took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin price is continuing to meet resistance around the $56,000 to $58,000 level.

The Top-10 cryptocurrencies are traded in different directions. Dogecoin+15.7%, Ethereum +8.5% and Ripple -8.0%.

Market capitalization: $2.34T (-1.28%)
The BTC dominance: 44.76% (-2.22%)
Fear & Greed Index: 74 (Greed)

https://cryptorank.io/heatmaps

👉 Top Gainers

Waves (WAVES) +31.5%
Ethernity Chain (ERN) +30.1%
IRIS Network (IRIS)+24.1%

👉 Top Losers

Quickswap (QUICK) -27.9%
Function X (FX) -18.1%
Propy (PRO) -15.5%

BTC Futures

Aggregated Volume — $67.01B
Aggregated Open Interest — $16.38B

👉 Derivatives Market Analytics

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