This article provides an update (as of 10:55 UTC on September 2) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) , Ether (ETH), Binance Coin (BNB), TRON (TRX), and Band Protocol (BAND).
To give you a rough idea of how well the crypto market is doing today, only 5 of the top 20 cryptoassets (by market cap) are currently in the green (i.e. up against USD).
According to data from TradingView, during the past 24-hour period, the total crypto market cap has decreased by 2.71%, and as of 10:55 UTC on September 2, it stands at $361.81 billion.
The Crypto Fear & Greed Index, which is based on an analysis of “emotions and sentiments from different sources”, is currently telling us that we are in “Extreme Greed” category:
All market data used in the remainder of this article was taken from CryptoCompare around 11:00 UTC on 2 September 2020.
Bitcoin is currently trading around $11,519, down 3.35% vs USD in the past 24-hour period:
In the year-to-date (YTD) period, Bitcoin is up 60.36% vs USD. BTC dominance stands at 54.7%.
Technical Analyst “Crypto Michaël” had this to say about Bitcoin’s latest price action:
Ether is currently trading around $454.03, down 3.25% vs USD in the past 24-hour period:
In the YTD period, Ether is up 252.18% vs USD.
Binance Coin (BNB)
BNB is currently trading around $24.41, up 4.05% vs USD in the past 24-hour period:
In the YTD period, BNB is up 77.39% vs USD.
TRX is currently trading around $0.03442, up 13.63% vs USD in the past 24-hour period:
In the YTD period, TRX is up 146.20% vs USD.
Band Protocol (BAND)
BNB is currently trading around $14.97, up 5.35% vs USD in the past 24-hour period:
In the YTD period, BAND is up over 6,628% vs USD.
Featured Image by “WorldSpectrum” via Pixabay.com
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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