Good Indicators in Market & Hive is Up

Good indicators in the market, where we see that stability above the price of 40 thousand dollars is a very good thing, despite the circumstances we are going through in the current period and despite some economic decisions that affect the price of cryptocurrencies, whether positive or negative, but it causes fluctuation in the price, but we see stability Good for coins.

The most important of these decisions is the Federal Reserve raising the interest rate, but we have Bitcoin now at a price of 43 thousand dollars, and despite the slight daily decline, the weekly performance is still very good, reaching a rise of 4.5%.

But on the other hand, Ethereum is performing much better in the current period, as the price of Ethereum is currently at 3030 dollars, with a daily increase of 2%, and on the weekly term, we have a large increase that reached 8%, and this makes ETH Dominance reach 18.6%.

Looking at the rest of the currencies, we find that they were not affected much by the decline that happened to Bitcoin, as we find that most of the Altcoins rose by more than 2%, for example, the price of the Binance coin reached 407 dollars, with a daily increase of 0.5% and a weekly increase of 5%. As for the Terra coin, which breaks all the rules However, in the meantime, its price reached 92 dollars, with a daily decline of 3%, and a weekly increase of approximately the same percentage.

We find from this that the stability of the bitcoin price above 40 thousand dollars came positively for the market, which reached a current value of one trillion and about 950 billion dollars, and this is very good for the next launch that we hope will happen soon.

Hive on the right track

As for the Hive currency, it was positively affected by the rise of Bitcoin above 40 thousand dollars after it continued at the level of 80 cents for a long time, as the price of Hive now reached $ 0.98, with a good daily increase that approached 6%, but for the weekly performance it reached 7.5%.

Also on this day, we had a great performance, the daily trading volume reached 35 million dollars, with a significant increase of 330%. Hive is currently ranked 147th in the cryptocurrency rankings.

Maintaining the currency price above 90 cents is very good under the current circumstances and we still have a lot of upcoming projects on the Hive network, which we hope will cause great momentum for the currency in the coming period.