It appears that this digital currency won the bet for the second day in a row, and while it topped the rise yesterday amid limited movement of currencies.
It came for the second day in a row, the highest, to gain more than 500 million dollars within a few hours, and rise strongly while the major currencies and most of the alternative currencies collapse.
This comes at a time when Bitcoin is approaching the bottom of last mid-May at the levels of 30 thousand dollars, after it succeeded in recording highs in the middle of trading today.
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fuel
The Zeta Fuel currency increased during those moments by more than 20% to levels of $0.6 while its market value jumped to $3 billion.
And Zeta Fuel gained nearly 40% in less than 48 hours, while its market value increased by about $800 million in two days, and $500 million in the past few hours.
According to analysts, major protocol upgrades could play an important role in altcoin’s rallies regardless of the state of the broader cryptocurrency market as new features excite token holders and help attract new investors.
And one ecosystem that has been improving over the past two weeks is the Theta protocol.
The project’s zeta token is up 50% and Zeta Fuel (TFUEL) is up 71% before the launch of the mainnet on June 30.
On June 6, more than 60% of all Zetafuel tokens circulating on the protocol were closed for network verification purposes.
This decrease in the available supply should help reduce the risk of a significant drop in prices.
Zeta Fuel came in the highest among the billion currencies during trading on Monday, by close to 20%, at levels of $0.4987.
TFUEL/USD Zeta Fuel rose by more than 51% during the thirty trading days, while it increased by 62% during the last seven trading days.
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other currencies
Two currencies on the path to a rally followed Tuesday’s rally, with the Investing.com UNUS SED LEO Index gaining more than 14% to $2.8 levels.
While its market capitalization rose to $2.7 billion, Liu rose more than 15% in 7 days.
While Arweave AR increased by more than 8% at levels of $19, while its market capitalization increased to $634 million, the coin rose by about 25% within 7 days.
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Ed’s warning
One of the most popular cryptocurrency speculators, Crypto Ed, said a hack to avoid a new price drop would be a “miracle” as storm clouds gather for Bitcoin bulls.
Ed added, now trading may be in the green box, but I expect another step down and a return to the downside again during today’s trading on Tuesday.
Crypto Ed Sely said that the bearish move was a rebound to the levels of $ 35,000, and then fell again towards the bottom of $ 30,000 or less, and it seems that not falling is something that needs a miracle.
Urgent: Another collapse of Bitcoin, and currencies lose $ 200 billion in hours
severe losses
Bitcoin fell during those moments of trading today, Tuesday, by about 13% at levels of $ 31.4 thousand, while the market value became $ 595 billion.
Bitcoin fluctuates between a low of 31.1 thousand dollars and a high of 36 thousand dollars during the past 24 hours.
While Ethereum abandoned the levels of $2,400, to decline by more than 14% at levels of $2,376, while its market value became $276 billion.
Binance Coin BNB/USD fell more than 17% to $330 levels and its market capitalization fell to $50 billion.
Cardano and Dogecoin tumbled more than 15%, the first is trading at $1.45, while the second DOGE/USD fell to $0.308.
The cryptocurrency market lost more than $250 billion during those moments.
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Sequence of events
Cryptocurrencies have fallen over the past few hours by more than $200 billion, and market capitalization has fallen from $1.7 trillion to $1.47 trillion.
However, Bitcoin quickly regained consolidation after descending below the $33,000 levels and approaching the $32,000 low.
Bitcoin fell in early trading today by more than 9%, to a low of $ 32,279 thousand, before paring part of its losses and climbing again to the highest levels of $ 33 thousand.
The same thing happened with Ethereum ETH/USD, the second largest digital currency, which fell below the levels of 2500 dollars, while it rebounded above it now and is trading at levels of 2531 thousand dollars.
The market capitalization of digital currencies lost more than $200 billion in early trading on Tuesday, down to $1.47 trillion.
While the market value increased during those moments to levels of 1.515 trillion dollars, recording limited gains of about 50 billion dollars.
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The article does not express a recommendation or nomination, but merely a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.
