After charting the latest multi-weekly low at under ,000, bitcoin has performed better and even neared ,000 earlier today. Most alternative coins have also charted minor gains on a daily scale. Render Token emerges as this week’s best performer from the top 100. BTC to Challenge K? Bitcoin tried its hand at taking down the resistance level at ,500 a few times this past week but to no avail. The latest rejection came on Tuesday, and it turned out to be a rather violent one. It first pushed BTC south to just under ,000 before the bears took complete control of the market and drove the asset further south to a two-week low at ,900. The bulls finally decided to act at this point, and they prevented any further declines. Just the opposite, bitcoin started
Topics:
Jordan Lyanchev considers the following as important: BTCEUR, BTCGBP, btcusd, btcusdt, featured1, Market Updates, social
This could be interesting, too:
Chayanika Deka writes Investors Fret Over Interest Rates: Digital Asset Outflows Hit 6M
Chayanika Deka writes Here’s How Much Crypto Hong Kong’s Web3 Giant Animoca Brands Holds on Balance Sheet
Wayne Jones writes Railgun Denies North Korea Ties as it Approaches B Total Volume
Wayne Jones writes CEX Trading Volumes Nearly Triple Since October 2023: Bybit
After charting the latest multi-weekly low at under $26,000, bitcoin has performed better and even neared $27,000 earlier today.
Most alternative coins have also charted minor gains on a daily scale. Render Token emerges as this week’s best performer from the top 100.
BTC to Challenge $27K?
Bitcoin tried its hand at taking down the resistance level at $27,500 a few times this past week but to no avail. The latest rejection came on Tuesday, and it turned out to be a rather violent one.
It first pushed BTC south to just under $27,000 before the bears took complete control of the market and drove the asset further south to a two-week low at $25,900. The bulls finally decided to act at this point, and they prevented any further declines.
Just the opposite, bitcoin started regaining some traction and jumped above $26,000 almost immediately. The past 24 hours brought another minor leg-up that drove the asset to over $26,900. However, the cryptocurrency has been unable to challenge the $27,000 resistance line as of now and sits a few hundred dollars below it.
Its market capitalization remains under $520 billion, while its dominance over the altcoins stands still at 46.2%.
RNDR, HT Up Double Digits Weekly
Most altcoins have produced minor gains, similar to bitcoin, in the past 24 hours. Ethereum dipped below $1,800 a few days ago but managed to reclaim that level yesterday. Another slight increase since then has pushed the second-largest crypto to $1,830 as of now.
Dogecoin, Solana, Polkadot, Litecoin, and Shiba Inu are with similar daily gains. Ripple, Cardano, Polygon, and Avalanche have all jumped slightly more – up to 2%.
Looking at the charts on a weekly scale shows that the two most notable gainers are Render Token and Huobi Token. The two are up by 16% and 13%, respectively. In the case of HT, it’s perhaps due to the recent positive news regarding the exchange.
The total crypto market cap has seen a minor increase as well and is up to $1.120 trillion as of now.
