- The price of bitcoin has recovered to USD 41,000.
- The price of bitcoin has recovered to USD 41,000.XRP is aiming for an upside break above USD 0.80 after Ethereum surpassed the USD 2,720 resistance.
- SAND and CELO both increased by 19% and 34%, respectively.
Bitcoin’s price began to rise again above the USD 40,000 resistance level, testing USD 41,450. It is now reversing gains near USD 41,000 (04:07 UTC), but it might possibly soar towards USD 42,500.
Similarly, the majority of big altcoins are rising in value. ETH is up 5% and has broken over the USD 2,720 barrier zone. If there is a definite rise above USD 0.80, XRP could develop positive momentum. The critical USD 0.85 resistance is being approached by ADA.
Total Market Capitalization
Bitcoin’s value
After a severe bearish reaction, bitcoin’s price began to rise again above USD 40,000. It has even broken through USD 41,000 and is presently consolidating gains. It’s still up about 5% in a single day. The next major resistance is near USD 41,550, above which the price could continue to rise in the near future.
Otherwise, it may begin a downward decline towards USD 40,500. The next important support level is near USD 40,000, below which the price may retest USD 39,000.
The cost of Ethereum
The price of Ethereum increased by nearly 5%, breaking through the USD 2,720 resistance level. ETH has even risen beyond USD 2,750, with the next resistance mark approaching USD 2,850, above which the price might possibly break through the USD 2,880 barrier.
On the downside, a first level of support can be found near USD 2,720. The next major support level is near USD 2,650, below which the price may fall to USD 2,600.
Price of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) is rising and seeking to break above USD 0.85 on the upside. If the bulls prevail, the price may rise quickly. USD 0.90 or USD 0.92 could be the next big resistance levels.
BNB has been consolidating over USD 380. Near the USD 388 level, the key breakout zone exists. A clear move above USD 388 might perhaps pave the way for a move towards USD 400.
Solana (SOL) is up more than 6% and is currently trading over the USD 85 barrier level. The bulls appear to be looking for a test of the USD 95 level. Any additional rises could take the price above USD 100.
DOGE has accelerated above the USD 0.115 resistance level. It’s getting close to the USD 0.118 resistance level. The bears may take a stand near the USD 0.120 level, which is the next big resistance.
The price of XRP is rising, with an upside break over the USD 0.80 resistance in sight. A successful close above USD 0.80 could pave the way for a bigger rise. USD 0.845 could be the next stop.
Today’s market for other altcoins
Many altcoins, including AVAX, DOT, MATIC, CRO, ATOM, LINK, MANA, SAND, RUNE, ZEC, AAVE, and CELO, are up over 5%. SAND increased its weekly gains to 9 percent after jumping 19 percent and surpassing USD 3.20. CELO has risen 34% and is currently trading at USD 3.30. In just one week, the price has risen by 12%.
Overall, the price of bitcoin is rising above USD 40,000. If BTC clears USD 41,550, it may begin a new upward trend in the near future.
