Bitcoin has reclaimed the ,000 price tag after another brief drop beneath it yesterday. Most alternative coins have also bounced off the lows as ETH has neared ,300, while UNI jumped to a new all-time high.Bitcoin Swings Around The KFollowing an unsuccessful attempt to overcome ,000 earlier this week, bitcoin started to gradually decrease in value. The adverse movements culminated in another price drop beneath the psychological ,000 level, as CryptoPotato reported yesterday.Shortly after the dip, though, the bulls took charge and drove the asset upwards. Following a few rejections, the cryptocurrency finally managed to reclaim ,000 and currently trades just north of ,000.From a technical perspective, BTC’s most significant support level remains at ,000. Should the
Topics:
Jordan Lyanchev considers the following as important: ADABTC, ADAUSD, BCHBTC, bchusd, Bitcoin (BTC) Price, BNBBTC, bnbusd, BTCEUR, BTCGBP, btcusd, btcusdt, DOTBTC, DOTUSD, DOTUSDT, ERDBTC, ERDUSD, ETHBTC, ethusd, featured1, LINKBTC, LINKUSD, LTCBTC, ltcusd, Market Updates, social, Wall Street, xrpbtc, xrpusd
This could be interesting, too:
George Georgiev writes Ripple and Solana Steal the Show as Ethereum ETF Launch Disappoints: This Week’s Crypto Update
Bhushan Akolkar writes 61,000 Bitcoin Options to Expire Today, Will BTC Price Rally Extend to ,000?
Bhushan Akolkar writes US Tech Sell-Off Spills Over to Crypto Market, 0M Longs Liquidated
Chayanika Deka writes Are Mt. Gox Creditors HODLing The Newly-Received BTC?
Bitcoin has reclaimed the $30,000 price tag after another brief drop beneath it yesterday. Most alternative coins have also bounced off the lows as ETH has neared $1,300, while UNI jumped to a new all-time high.
Bitcoin Swings Around The $30K
Following an unsuccessful attempt to overcome $35,000 earlier this week, bitcoin started to gradually decrease in value. The adverse movements culminated in another price drop beneath the psychological $30,000 level, as CryptoPotato reported yesterday.
Shortly after the dip, though, the bulls took charge and drove the asset upwards. Following a few rejections, the cryptocurrency finally managed to reclaim $30,000 and currently trades just north of $31,000.
From a technical perspective, BTC’s most significant support level remains at $30,000. Should the asset break down below it once more, the following ones are at $29,630, $28,500, and $28,000.
Alternatively, if bitcoin resumes its bull run, it would have to overcome the resistance lines at $32,500, $33,100, and $34,000.
BTC’s decline yesterday coincided with substantial losses on Wall Street. The three most prominent US stock indexes, namely the S&P 500, Nasdaq, and Dow Jones, dropped by over 2% in a day.
However, the Nasdaq futures contracts have added 1% after hours, while the Dow and the S&P 500 have continued with indecisive movements.
Stagnant Altcoins, Exploding UNI
Most alternative coins also dipped in value similarly to bitcoin yesterday. On a 24-hour scale, though, most top ten coins have shown signs of recovery.
Ethereum is slightly up but still trades around $1270. Binance Coin (1.7%), Polkadot (3%), Cardano, and Litecoin (1%) are essentially at the same price spot as yesterday.
Chainlink is the most significant gainer from the top ten with an 8% surge to $23.3. In contrast, XRP and BCH have lost the most and are down to $0.25 and $387, respectively.
Dogecoin has gained the most with a 37% surge, followed by 1inch (25%), THORChain (21%), Fantom (19%), Elrond (16%), and Kusama (13%).
Uniswap’s governance token has also added value and reached a new all-time high above $15 earlier today.