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Analysis

📈Market Overview

  • May 14, 2021

News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin‘s price drop to $46,000. Initially, it was Tesla’s May 12 announcement that it would stop accepting Bitcoin as payment over environmental concerns, along with technical weakness and a nearly complete head-and-shoulders technical pattern.

The Top-10 cryptocurrencies are traded in different directions. Dogecoin +19.8%, Cardano +9.9% and Binance Coin -5.5%.

Market capitalization: $2.36T (-2.34%)
The BTC dominance: 39.47% (-0.11%)
Fear & Greed Index: 26 (Fear)

https://cryptorank.io/heatmaps

👉 Top Gainers

UnFederalReserve (ERSDL) +49.7%
Polkamon (PMON)+47.1%
Dapp.com (DAPPT) +45.2%

👉 Top Losers

EOS Force (EOSC) -53,8%
CyberVein (CVT) -41.3%
Verox (VRX) -27.3%

BTC Futures

Aggregated Volume — $93.47B
Aggregated Open Interest — $15.55B

👉 Derivatives Market Analytics

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