BTC is trading at around USD 63,644, correcting lower from USD 63,579, reached earlier today. The price is up by 5% in a day and 7.5% in a week. It increased by 3% in a month and 813% in a year.
BTC hit its previous ATH on March 13, reaching USD 61,712 (per Coingecko), and it surpassed this level one day before a direct listing by the largest US crypto exchange, Coinbase.
"The run in the price of Bitcoin is remarkably being fueled by two core fundamental events which include the upcoming public listing of Coinbase cryptocurrency exchange, as well as the growing list of firms pressing on the SEC for an ETF product," Nick Spanos, Co-founder of Zap.org, a platform for tokenizing services and curating service providers with a focus on oracle services, told Cryptonews.com.
At the same time, ETH is up by 7% in a day and 8.5% in a week, trading at USD 2,275 after it hit its new all-time high (per Coingecko) of USD 2,292 earlier today. The price is up by 18% in a month and 1,333% in a year.
ETH's trading volume hit USD 32bn in the past 24 hours, compared with BTC's USD 63bn.
"While both might appear to be seeing a commensurate run, ethereum has to a large extent broken its correlation with BTC and charts its own course as observed in the past weeks. Ahead of the EIP 1559 upgrade coming in July, as well as the eventual rollout of the Ethereum 2.0, ETH bulls are somewhat inspired to push the coin to a high of USD 2,500 in the short term, and over USD 3,000 by the end of the second quarter," Konstantin Anissimov, Executive Director at the CEX.IO trading platform, told Cryptonews.com.
Binance Coin is lagging bitcoin, but it is slowly rising above USD 550. BNB is trading above USD 565 and it might continue to rise towards the USD 580 resistance. The next major resistance is now forming near the USD 600 level. The main support is now forming near USD 550.
Cardano is up over 10% and it is gaining pace above USD 1.400. ADA is rising and it is trading above USD 1.465. A clear break above the USD 1.50 resistance could open the doors for a strong increase. The next major resistance is near the USD 1.62 level.
Litecoin is up 12% and it broke the USD 265 resistance. LTC is now trading above USD 275 and it might attempt an upside break above the USD 280 level. If there is a downside correction, the USD 268 and USD 265 levels might provide support.
Ripple price is outperforming bitcoin and it rallied over 25%. The bulls were able to push the price above the USD 1.80 level and it seems like they are aiming for a test of the USD 2.00 level.
Dogecoin rallied over 50% and it even broke the USD 0.10 level.
