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CoinNess Market Surveillance Mar. 8: BTC Trading Above $50000 Level

Mon, 08 Mar 2021, 03:14 am UTC

As of 3:00 (UTC) on March 8, the global price index of Bitcoin (BTC) has been trading above the $50,000 level. At present, the coin marks $50,725.34 with an increase of 3.20% in the past 24 hours.

The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out selling signals, three showing neutral signals, and 13 indicating buying signals.

The broad market is trading upwards, with 20 out of Top 100 cryptos by market cap sliding.

The global market cap reads $1.56 trillion, and the 24-hour trading volume is $106.48 billion.

Major Coins

1. BTC quotes show 50,629.23 USDT on Binance, $50,666.00 on Bitfinex, $50,671.90 on Coinbase Pro and 50,566.97 USDT on Boboo.com;

2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $1,723.48 (+4.73%); XRP marks $0.4655 (+0.00%); BCH marks $519.74 (+3.15%); LTC marks $189.62 (+3.13%); EOS marks $3.83 (+2.35%); ETC marks $11.55 (+0.47%).

Top 3 Gainers and Losers in Cryptocurrencies

1. Top 3 gainers among Top 100 cryptocurrencies by market cap: ENJ (+34.90%), MANA (+20.63%), and YFI (+20.13%);

2. Top 3 losers among Top 100 cryptocurrencies by market cap: ZKS (-8.20%), RUNE (-5.49%), and XEM (-4.77%).

Cap Flows of Coins/Exchanges

1. Top 3 capital inflows within the last 24 hours: BTC (+$1.77 bln), ETH (+$738.42 mln), and LTC (+$159.82 mln);

2. Top 3 capital outflows within the last 24 hours: USDT (-$44.75 mln), USDC (-$17.56 mln), and BUSD (-$16.90 mln);

3. Net inflows/outflows of exchanges: Binance (-$43.16 mln), Bitfinex (+$1.58 mln), and Coinbase Pro (+$74.87 mln).

Coinness

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