Tag: altcoins

Bitcoin Revisits USD 60K, Ethereum – 2K, BNB, Altcoins Surge

Bitcoin Revisits $60K, Ethereum - 2K, BNB, Altcoins Surge

Bitcoin price extended its rise above the USD 59,500 resistance. BTC even spiked above the USD 60,000 resistance before correcting lower. It is currently (05:30 UTC) trading well above USD 59,000 and it might climb above USD 60,000 in the near term.

Similarly, most major altcoins are signaling more upsides. ETH is up 4% and it even tested the main USD 2,000 resistance zone. XRP/USD is consolidating above USD 0.550 and it might soon attempt a break above USD 0.600.

Bitcoin price
There was a steady increase in bitcoin price above the USD 59,200 and USD 59,500 resistance levels. BTC even spiked above USD 60,000 and tested USD 60,120. It is now consolidating gains near USD 59,500, with an initial support at USD 59,200. The first major support is now forming near the USD 58,800 level.
On the upside, a daily close above the USD 60,000 level could open the doors for a move towards the USD 61,800 and USD 62,000 levels.

Ethereum price

Ethereum price outperformed bitcoin and it gained nearly 4%. ETH broke the USD 1,950 resistance and it even spiked above the USD 2,000 resistance. The price is now consolidating gains and it seems like it could rise further towards USD 2,040 and USD 2,100.
If there is a downside correction, an initial support is seen near the USD 1,975 level. The first major support is near the USD 1,950 level.

BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) rallied over 12% and it broke many hurdles near USD 315 and USD 335. BNB even surpassed USD 340 and it might accelerate further above USD 355. The next major stop for the bulls may be USD 380. On the downside, the USD 335 and USD 322 levels are decent supports.
Cardano (ADA) is still consolidating below the USD 1.200 and USD 1.220 resistance levels. A close above USD 1.220 is a must to start a steady increase. The next major resistance sits at USD 1.300. On the downside, the USD 1.165 and USD 1.150 levels are key supports.
Litecoin (LTC) is now showing positive signs above the main USD 200 resistance level. It seems like LTC bulls are back in action and they are aiming for a rally towards USD 240. The next major target for the bulls could be USD 250. On the downside, the USD 195 level is a decent support.
XRP price is now well below the USD 0.600 resistance level. However, as long as the price is above the USD 0.550 support, there are chances of a clear break above the USD 0.600 resistance. If not, it could drop to USD 0.500.

Other altcoins market today
Several altcoins gained over 10%, including HNT, DENT, EOS, ANKR, EGLD, SC, DOGE, BTT, FTM, SNX, and MKR. Out of these, HNT rallied over 30% and it cleared the USD 14.50 level. Meanwhile, SOL, ICX, and FLOW are down by 7%-9%.

Overall, bitcoin price is gaining momentum and it might settle above USD 60,000. If not, there could be a downside correction towards the USD 58,000 support level in the near term.

Source – Crypto News 

Crypto Market slows as Bitcoin, Ethereum and Altcoins Recovery Unravels

Crypto Market slows as Bitcoin, Ethereum and Altcoins Recovery Unravels

Bitcoin price failed to settle above the USD 57,000 resistance, resulting in a strong decline. BTC broke many important supports near USD 55,000 to enter a bearish zone. It even broke the USD 53,000 support and it is currently (05:30 UTC) consolidating losses near USD 52,000.

Similarly, most major altcoins declined sharply. ETH is down 5% and it even broke the USD 1,600 support zone. XRP/USD trimmed most of its gains and settled below USD 0.500.

Total market capitalization

Bitcoin price
After a recovery above USD 55,500, bitcoin price failed to settle above the USD 57,000 resistance. A high was formed near USD 57,200 before the price started a major decline. It broke the USD 55,500 and USD 55,000 support levels. The bears even pushed the price below USD 53,000 and the price tested USD 51,500.
If there are more losses, the bears might test the USD 50,000 support zone. Conversely, a recovery wave could face sellers near the USD 53,000 and USD 53,200 levels.

Ethereum price

Ethereum price also followed bitcoin and it declined over 5%. ETH broke the USD 1,650 and USD 1,600 support levels. The bulls are now protecting the key USD 1,550 support. If there are more losses, the price might test the USD 1,500 level.
On the upside, the USD 1,600 is a short-term hurdle. The main resistance is now forming near the USD 1,650 level (the recent breakdown region).

BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) broke the USD 250 support level and extended its decline. BNB is now consolidating above USD 240, with a risk of more downsides towards the USD 230 and USD 225 levels. Any more downsides could lead the price towards the USD 200 level.
Cardano (ADA) is still above the USD 1.050 support zone, which is a positive sign. It seems like ADA might continue to trade in a range above the USD 1.000 and USD 1.050. If there is a bearish break below USD 1.000 and USD 0.998, the price could drop sharply. On the upside, the USD 1.120 level is an immediate resistance, followed by USD 1.150.
Litecoin (LTC) topped near the USD 195 level and declined heavily. LTC even broke the USD 180 support level and tested the USD 172 zone. It is now consolidating losses and there could be a drop towards the USD 165 level. On the upside, the USD 180 level may now act as a hurdle.
XRP price topped near the USD 0.600 level and started a fresh decline. The bears took control and pushed the price below the USD 0.500 support level. The bulls are now defending the USD 0.450 support and there might be a fresh increase above the USD 0.500 level.

Other altcoins market today
Several altcoins declined over 10%, including TFUEL, MIOTA, THETA, FTM, ZRX, OMG, ONT, BTMX, REN, NEAR, SUSHI, CRV, DOT, STX, SC, RSR, EGLD, and UNI. Conversely, NPXS and VGX are up over 10%.

Overall, bitcoin price broke the main USD 53,200 and USD 53,000 support levels. If there is no quick close back above USD 53,200, there could be a drop towards the USD 50,000 support.

 

Source – Crypto News