Tanya Abrosimova
Independent Analyst
- Bitcoin broke above the key resistance level amid growing bullish sentiments.
- Altcoins hesitantly follow the lead; Bitcoin's market share jumps above 67%.
The cryptocurrency market has turned into the green after Bitcoin, the most popular cryptocurrency, broke above critical $11,000. This development served as a trigger for crypto bulls improved the technical conditions on the market.
The total capitalization of all digital assets in circulation surpassed to $300 billion for the first time since the mid-July, while Bitcoin's market share jumped above to 67%.
Top-4 coins price overview
Bitcoin's recovery has gained ground as the decisive move above $11,000 attracted new buyers to the market and helped to develop the upside momentum. At the time of writing, BTC/USD is changing hands at $11,590, with over 6% of gains on a day-on-day basis. The intraday Relative Strength Index (RSI) stays on the overbought territory; however, the price shows no signs of reversal as of yet.
Ethereum, the second-largest digital asset with the current market capitalization of $24.5 billion, is 3% higher on a day-on-day basis. ETH/USD has settled at $229.70 after an attempt to break above $231.00 during early Asian hours.
Ripple's XRP has finally moved outside its range and settled above $0.3200. However, the upside momentum is still weak as the coin stopped short on approach to the next p=barrier of $0.33 and retreated towards $0.3220 by the time of writing.
Litecoin has gained about 1.5% of its value in recent 24 hours. The coin now takes fifth place in the global cryptocurrency market rating with the current value of $6.0 billion. LTC/USD is changing hands at $95.30, off the intraday high registered at $96.20.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment
Ethereum (ETH) suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH (ezETH) crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective (INJ) price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
US intensifies battle against crypto privacy protocols following crackdown on Samourai Wallet
CEO Keonne Rodriguez and CTO William Lonergan of Samourai Wallet were arrested by the US Department of Justice (DoJ) on Wednesday and charged with $100 million in money laundering on a count and illegal money transmitting on another count. This move could see privacy-focused cryptocurrencies take a dip.
Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon
Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27. Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery. A break and close above $7.95 would invalidate the downleg thesis.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?