BTC Looks for Support After Overall Market Cap Almost Hits $3 Trillion

BTC is attempting to find support on its two hour chart following the news about China’s Evergrande debt situation released today. This is after the overall cryptocurrency market almost reached $3 trillion according to coinmarketcap.com. The MFI is still trending upwards however, momentum is looking like it may continue to trend downwards. Volume has yet to settle down, so things may be volatile in the short term.

coinmarketcap.com before BTC’s dip to $66k.

BTC dominance has increased to 43.5% while ETH dominance has decreased to 19.2% while altcoins and BTC take slightly more of the market share.