Trittium — Weekly Report #81
March 8 to March 15
1.- WHAT DID THE MARKET DO?
What can I say you don’t know… the market crashed, that’s a fact.
Perhaps some of us realized about a fact we even didn’t know: An essential portion of the crypto market belonged to institutional investors. And until this very moment, we had not realized about its relevance.
We always thought that crypto investors were individual traders, holders, singular investors or even people who thought this market is a long term race where Bitcoin could rule for years to come. Sadly we discovered that this market had a lot of institutional money inside, and in urgency, could act like normal stocks markets, and act at the same time than then. We learned this lesson in a hard way. The dump has been massive.
150,000 USD million, that’s all the money invested in crypto right now. This is, 100,000 USD million less than seven days ago. (-40,4%) Just WOW!!!
If we look into the weekly $BTC chart…this is what we see:
- BTC is now below 200 Weekly EMA.
- BTC keeps, for now over the long term trend.
- Monday could come with new dumps because of USA coronavirus expansion.
- FED and UE central bank measures look weak and no coordinated, this also will help to sink markets again.
- As more countries lock their streets to stop the virus, more damage will be done to real business and enterprises.
- Bearish sentiment into the people and markets.
- Perhaps a retest to $3,800 area or even below can happen.
If we look into the BTC dominance, we can see how it is now around 65.43%, a similar rate to the previous week. This is not the best time to think about alts or even about BTC dominance. The next days we must think about Bitcoin and crypto market survival.
Dash market capitalization was 798 USD million seven days ago. Now it is around 442 million (-44.61%).
And now, all the masternodes market capitalization is at 781 USD million. As you can check, all the masternode market is now the same than Dash + other masternode projects seven days ago.
If we check today’s data, we have:
Masternodes market 781 USD million (-37.41%)
Masternodes market excluding $Dash: 339 USD million. (-35.79 %)
About Trittium market capitalization, we are now at 167,800 USD
With 226,000 nodes running, numbers are similar to the previous week.
2. WHAT DID TRITTIUM DO?
This was the order book on March 8:
And this is today, March, 15:
- The average trade price is a bit lower, around 25 sats.
- The buy orders book is similar, with 0.245 BTC in buying orders.
- The sell orders book is higher, with 848,878 Trtt for sale.
- We have now 58,800,000 TRTT (45,49%) coins locked, 350,000 less than seven days ago.
3. PROJECT PROGRESS.
- Twitter: 1,184 Followers. (+3)
- Discord: 8189 (+531).
PoCoN last week:
Sent to investors: 20,000
- Trtt total coins burned: 4,767,192 Trtt.
4. trttNodes PROGRESS.
March 8 data:
And today, March 15:
Instant Masternodes Running: +17.
Cold nodes running: +11.
Last weeks graph:
Keep safe and stay at home.
Thanks for reading!!!!
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