The cryptocurrency markets have produced a number of days of bullish worth motion, with BTC testing resistance close to $four,000 for the time in 5 weeks immediately. In doing so, it’s damaged the 100-day shifting common for the primary time in 272 days. In different market motion, each BCH and ETH rallied to check resistance close to $150, and EOS spiked to once more rank because the fourth largest cryptocurrency by market capitalization.
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BTC Tests $four,000 for First Time in 5 Weeks
The cryptocurrency markets made a second bullish leg-up immediately, with solely two of the highest 50 crypto property by market cap posting a drop in worth over the past 24 hours as of this writing.
BTC rallied to check resistance on the $four,000 space immediately, marking the primary time that BTC has entered $4k territory since Jan. 10. At present’s positive factors had been additionally pushed by a slight uptick in quantity when in comparison with yesterday.
Within the final two weeks, BTC has gained roughly 16.25% since bouncing off native help at roughly $three,350 to presently commerce for roughly $four,000 on Bitfinex and $three,900 on Bitstamp. BTC now has a market cap of $68.91 billion and a dominance of 51.50%.
When trying on the stochastic RSI on the weekly chart, BTC is at its strongest since December 2017.
BCH and ETH Test $150
Bitcoin money produced the second strongest positive factors of the highest 50 cryptocurrencies by market cap immediately, rallying to check $150 for the primary time since Jan. 10.
Since bouncing off help at $100 on Feb. 18, BCH has gained 38.5% to presently commerce for almost $146. When measured in opposition to BTC, BCH is presently buying and selling for zero.0375 BTC, an 11% acquire in two days. BCH is presently the sixth largest crypto asset with a capitalization of roughly $2.61 billion and a dominance of 1.94%.
Ethereum is presently buying and selling for $150. Within the final two weeks, ETH has gained roughly 43% over the greenback after establishing help on the $100 space.
When measured in opposition to BTC, ETH is presently testing resistance on the main long-term worth degree of zero.0375. Ethereum is the second largest crypto asset with a capitalization of $15.53 billion and a dominance of 11.62%.
XRP Makes an attempt to Convert $zero.34 Resistance Into Help
Ripple has gained 11.5% in two days, with the markets presently trying to ascertain help on the current resistance space of roughly $zero.34.
When measured in opposition to BTC, XRP is presently buying and selling for almost zero.000085 BTC after gaining greater than 1% in a single day for the primary time throughout February. XRP is presently the third largest cryptocurrency with a market cap of $13.86 billion and a dominance of 10.37%.
EOS Overtakes LTC by Market Cap
Of the highest 50 markets by capitalization, EOS produced the strongest positive factors of the day, with the value of EOS rising 16.9% over the greenback within the final 24 hours. Over the course of the final two weeks, EOS has gained almost 55% to presently commerce for $three.66.
When measured in opposition to BTC, EOS has damaged above zero.0009 BTC for the time since Sep 20, 2018. Eos is presently the fourth largest cryptocurrency with a capitalization of virtually $three.27 billion and a dominance of two.44%.
Eos’ positive factors have seen LTC slide one rank by market cap, with LTC presently ranked fifth with a capitalization of $2.95 billion. Regardless of this, LTC is testing long-term resistance on the $50 space for the primary time since Nov. 14, 2018.
When measured in opposition to BTC, LTC is in opposition to testing resistance at a significant long-term worth space, with Litecoin presently buying and selling for zero.012 BTC every.
Do you assume that markets will proceed to be carried by bullish momentum for the remainder of the week? Share your ideas within the feedback part beneath!
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