BTC Tests $4,000, BCH and ETH Test $150

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
BTC/USD – Bitfinex – 1D

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
BTC/USD StochRSI

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
BCH/USD – Kraken – 1D

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%.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
BCH/BTC – Bittrex – 1D

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
ETH/USD – Bittrex – 1D

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%.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
ETH/BTC – Bittrex – 1D

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
XRP/USD – Poloniex – 1D

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%.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
XRP/BTC – Bitfinex – 1D

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
EOS/USD – Bitfinex – 1D

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%.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
EOS/BTC – Bitfinex – 1D

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
LTC/USD – Bitfinex – 1W

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.

Markets Update: BTC Tests $4,000, BCH and ETH Test $150
LTC/BTC – Bitfinex – 1W

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!


Pictures courtesy of Shutterstock, Tradingview


Disclaimer: Worth articles and markets updates are meant for informational functions solely and ought to to not be thought-about as buying and selling recommendation. Neither Bitcoin.com nor the writer is answerable for any losses or positive factors, as the final word resolution to conduct a commerce is made by the reader. All the time keep in mind that solely these in possession of the non-public keys are accountable for the “cash.”

Tags on this story
$, 1:50, 4000, BCH, Bitcoin, bitcoin money, Bitcoin Core, BTC, EOS, ETH, Ethereum, litecoin, LTC, Markets, N-Markets and Costs, Ripple, Test, checks, replace, XRP
Samuel Haig

Samuel Haig is a journalist who has been utterly obsessive about bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, the place he attended the College of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written concerning the dialectics of decentralization, and can be a musician and kangaroo using fanatic.

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