Crypto Market Update YTD

by Marvin Dumont

Bullish sentiment continues to define the new year and new decade among cryptocurrency investors. Cryptos soared to a $263 billion market cap in the past week, representing a 38% gain since the start of 2020.

That pushed Bitcon (BTC) to nearly $9,600 on 65% dominance. The pullback to $9,200 still means a 28% gain for traders.

How long will the positive sentiment last? CoinDesk’s Omkar Godbole wrote on Feb. 4:

If the 200-day average support holds ground, a fresh move higher toward $9,600 could be seen. The overall trend will remain bullish as long as prices are holding above $8,200.

Apollo (APL) all-in-one currency combines nearly all features of mainstream cryptocurrencies into the fastest blockchain in the world. Boasting features and advancements such as the first implementation of database sharding, as well as adaptive forging, atomic swaps, two-second blocks, encrypted messaging, decentralized marketplace, decentralized exchange, decentralized applications, and decentralized file storage, Apollo stands as the most feature-rich cryptocurrency on the market. And one of the most advanced.