The Crypto Heatmap

Currently the Crypto market is not really on the good shape however it is not so down if we specifically talk about Bitcoin. Currently Bitcoin is trading around 82k USD. The alt coins are not doing really well however Bitcoin is not that much down so in terms of Bitcoin things are not really alarming but if we talk about the alt coins then things are really not good at all.

Here I am sharing the heat map for the crypto market, where you can see how Bitcoin is doing, whereas many other cryptocurrency prices are showing in red colour. Apart from Bitcoin, most of the other projects are in the red, except some of the coins that are still in green, which also includes xrp.

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If we talk about Etherium, then the price has been hovering around the range of 2000 US dollars and currently, it is trading at slightly more than 1800 US dollars. While we have also seen some positive movement on the XRP a few months back, now this coin is also down, and the current raining range is between $2 to 2.5 US dollars. Even if we talk about the top 20 coins most of the coins are available in red, which you can also see on this heat map that shows a glimpse of the market trend overall, including Bitcoin and alt coins at the same time.

A crypto heat map is a good metric to follow and see how the market is doing overall because if it is doing great, then most of the coins will be shown in green and if it is in red, then it is obvious that we know how it is going. A mix colour combination shows that some projects are doing well and some of them are not, which can also be possible many times. The one I have shared is the mixed one, and this is not a rare situation. We're not in the bull market, it seems but probably it'll take some time for us to be there, whereas we are approaching the one-year completion for Bitcoin halving, which happened in April last year.

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