RATE Group | Bitcoin And Altcoins Correcting Strong Gains
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Bitcoin And Altcoins Correcting Strong Gains

Bitcoin And Altcoins Correcting Strong Gains

In the past two days, there were strong bullish moves in bitcoin above USD 7,550. BTC/USD surged around 20% and surpassed many key hurdles such as USD 8,000, USD 8,500, and USD 9,000. It traded to a new monthly high close to USD 9,500 and it is currently correcting gains.
Similarly, there was a steady rise in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD extended its rally above the USD 220 level and it traded close the USD 230 resistance. XRP/USD also rallied more than 10% and tested the USD 0.235 resistance zone.

Total market capitalization

Bitcoin And Altcoins Correcting Strong Gains 101
Source: www.tradingview.com

Bitcoin price

After a successful close above USD 8,000, bitcoin price gained bullish momentum. BTC/USD surged around 20% and broke many resistances near USD 9,000. It even traded above the USD 9,200 resistance and tested the USD 9,500 hurdle. The price is currently (08:30 UTC) correcting gains and it could retest the USD 9,050 and USD 9,000 support…

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