Read top crypto market events on Bitcoin, Ethereum, Ripple, and Altcoins.
Bitcoin News
After the bitcoin's many price dips of yesterday, today seems to be the reverse. The price of BTC surged by more than $6,000 to get to $39,000 level within 24 hours.
According to technical indicators, if bitcoin reclaims the first resistance line at $39,000, the next resistance level lies at $40,000. After that, we would also see resistance at the $41,200 level and then to its all-time high of $42,000. But if we see another break out to the downside, the support levels at the support lines at $36,600, $35,200, and $34,000 could be very crucial.
Polkadot; Popular New kid on the Block
Polkadot (DOT) has seen a price surge of over 38% in the last 24 hours. The price gain pushed its price to $11.60, which is a new all-time high. The relatively new altcoin, which launched its main net in May of this year, is currently the fifth-largest cryptocurrency by market cap, pushing itself in between XRP ($13.3 billion) and Litecoin ($9.6 billion). Its market capitalization is over $10 billion.
Other Altcoin news
Other altcoins performed like Bitcoin too. Many saw dips and surges as volatile as that of the BTC but performed well on today's market. Ethereum was in the lead with a 9% surge to above $1,150. Litecoin also gained by 8%, followed by Cardano at 7.5%. Bitcoin Cash (6%) is back at the $500 price level, and Binance Coin (7%) is trading over $40 again. Other impressive performances are Chainlink (10%) and the star of the day Polkadot(DOT), which saw an unusual gain of 24% to move to a new all-time high of over $11.
Other lesser-known altcoins that performed well include: Loopring (30%), HedgeTrade (25%), Ren (25%), THORChain (23%), Kusama (23%), Blockstack (22%), IOST (22%), SushiSwap (21%), Voyager Token (20%) and others.
This impressive performance of the cryptocurrencies pushed the market capitalization of all assets to $1.04 trillion. In just one day, it has added $140 billion.
Divi News
Good news for the Defi community; although it's transaction fees are still high, the amount of decentralized exchanges running layer-two solutions keeps growing. Since it launched four weeks ago, approximately $75 million has traded across 26,600 transactions. Synthetix, a Defi protocol, is also set to launch its Optimism layer-two staking upgrade called Castor later today.
In conclusion, the crypto market is recovering very nicely from its recent decline and is set for another bull run. Altcoins are also showing reinforcing signs of a bull trend.
