After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale. Binance Coin is once again the exception and BNB nears $30.
Bitcoin Trades Around $10,750
As Bitcoin failed to reclaim $11,000 yesterday, the asset headed downwards and dipped to $10,660. In the past 24 hours, the primary cryptocurrency registered another bottom at $10,640.
However, BTC refused to stay down, and the bulls drove the price towards its intraday high of about $10,860 (on Binance). Since then, Bitcoin has retraced slightly and trades just shy $10,750.
The technicals indicate that BTC has to overcome the first resistance at $10,830 to potentially challenge the next one at $11,000. Should the asset conquer even that psychological line, the following resistance will be at the 0.5 Fibonacci level at $11,150.
As reported yesterday, Bitcoin displayed minor signs of decoupling from other financial markets. However, BTC returned to a similar price trajectory with gold in the past 24 hours. The precious metal also increased from a low of $1,875/oz to a daily high of nearly $1,900 and retraced to $1,890.
At the same time, Wall Street marked minor losses during yesterday’s trading session. The S&P 500 and the Dow Jones Industrial Average closed down with a 0.5% decline, while Nasdaq went down by 0.3%.
BNB Rockets, While Most Large-Cap Alts Keep Calm
The second-largest cryptocurrency has increased by about 1%, and ETH trades at $355. Ripple and Bitcoin Cash are situated at approximately the same levels as yesterday – $0.241 and $230, respectively.
Polkadot and Chainlink have lost the most value – 3%. DOT has fallen beneath $4,50, and LINK below $10.
The most impressive gainer from the top 10 is once again Binance Coin. BNB has jumped by another 5.5% since yesterday and is up by 20% in a week. The latest gains come after the leading cryptocurrency exchange announced the “first-ever project to double launch” – AlphaFinanceLab.
Binance will start recording BNB holdings today, which prompts users to purchase more, and ultimately drive the price higher.
Further gains are evident from lower-cap coins. The Midas Touch Gold has doubled-down on its recent impressive performance and has surged by another 19%. Zilliqa (16%), Energy Web Token (12%), THETA (11%), and Siacoin (10%) have also increased by double digits.
Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
The post appeared first on CryptoPotato
