Profit taking prevails, cryptocurrencies in negative

The day, after the bullish hangover, sees a retracement on a daily basis due to profit-taking that generates a prevalence of red signs

BTC 20200430
Bitcoin chart by Tradingview

Scrolling the ranking of the big names, among the top 25 there are only three green signs, that of Bitcoin stable upwards with a +4%, Bitcoin Satoshi Vision (BSV) +2%, and the Leo token (LEO) which, with a leap over $1.07, earns 1.7% on a daily basis.

ETH 20200430
Ethereum chart by Tradingview

All the others took a downward turn, not strong falls but rather profit-taking from the tops. Ethereum slipped 1.5% and after hitting its period highs at $226 this morning is now testing the $200. 

XRP also slides deeper. In these hours, Ripple loses 3%, even though it remains above the previous highs at the beginning of April. This morning, with a leap over $0.237, XRP had in fact returned to the levels of March 8th.

coin360 pm 20200430

April ends with a substantial rise that chases away the fears of March, the first bullish month after two consecutive months downwards. This is the first bullish month after two consecutive months downwards.

The doors of May are opening with the best auspices, and the sector has put much of the decline of the first quarter behind it. In fact, the first quarter of 2019 had closed in the negative. 

This follows the statistics that see the second quarter of the year among the best on a statistical basis. May will be a busy month characterized by the halving of Bitcoin. It remains to be seen whether the trend of the second quarter of the year, which is the best on an annual basis, will continue.

Bitcoin dominance continues to strengthen close to 66%. When considering that between September and December the dominance highs were reached at 69% this jump to 66% continues to confirm that Bitcoin dominates over ⅔ of the entire market cap

The market cap that this afternoon drops 10 billion dollars after exceeding 255 billion dollars this morning that had not recorded since the beginning of March.