Bitcoin regained ground above $11,000 after a sharp sell-off. Bitcoin’s realized market value hit an all-time high. Bitcoin (BTC) has been range-bound on Monday. The first digital asset lived through a volatile weekend and settled above $11,000 after a collapse to as low as $10,500 on Sunday. At the time of writing, BTC/USD is changing hands at $11,135, mostly unchanged both on a day-to-day basis and since the beginning of the day. Bitcoin’s market value exceeds $206 billion, while its dominance index retreated to 60.7%. Bitcoin’s realized capitalization According to the cryptocurrency research company Glassnode, Bitcoin’s realized capitalization reached a new all-time high at $109,758,629,290.65. The metric developed by the company in May increased by more than $5 million in a single day. That’s how the company describes its metric: Realized Cap values different parts of the supplies at different prices (instead of using the current daily close). Specifically, it is computed by valuing each UTXO by the price when it was last moved. The sharp increase may be evidence that new investors flock to the market. BTC/USD: technical picture On the intraday chart, BTC/USD recovery is limited by $11,300. This barrier is reinforced by 1-hour SMA50 and the upper line of the 1-hour Bollinger Band. Moreover, it served as strong resistance at the end of July. Once it is out of the way, the upside is likely to gain traction with the next focus on $11,400 with 1-hour SMA 50 located on approach. A sustainable move above this area is needed for the upside to gain traction with the next focus on $12,000. On the downside, the critical support is created by psychological $11,000. If it is broken, the sell-off may be extended to Sunday’s low at $10,500. BTC/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: XAG/USD faces fierce uphill battle to recover – Confluence Detector FX Street 3 years Bitcoin regained ground above $11,000 after a sharp sell-off. Bitcoin's realized market value hit an all-time high. Bitcoin (BTC) has been range-bound on Monday. The first digital asset lived through a volatile weekend and settled above $11,000 after a collapse to as low as $10,500 on Sunday. At the time of writing, BTC/USD is changing hands at $11,135, mostly unchanged both on a day-to-day basis and since the beginning of the day. Bitcoin's market value exceeds $206 billion, while its dominance index retreated to 60.7%. Bitcoin's realized capitalization According to the cryptocurrency research company Glassnode, Bitcoin's realized capitalization reached a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
