Kantor kryptowaluty.pl już wystartował! Wymieniaj kryptowaluty po najkorzystniejszych kursach Wchodzę!

Cryptocurrency Rates: Bitcoin (BTC) Rises by 4% Above the Level of 9,000 USD. Altcoins Rise

4 min reading

After noting increases equal to 4% in the last 24 hours, Bitcoin (BTC) hits the level of USD 9,000 for the first time in a week. Altcoins are also going up in price fast. Tezos, Binance Coin and Bitcoin Cash are among the leaders.

Bitcoin (BTC) gains 4% in 24h. The bulls are looking at 9,500 USD

After dynamic, three-day lasting declines at the beginning of last week, Bitcoin (BTCgot stuck in a narrow range between USD 8,460 and USD 8,950. Since BTC's strong attempt to get above the level of USD 9,000 at the beginning of March, the token slightly backed off. Today, the leading cryptocurrency was testing the upper limit of this level and after eight sessions, it finally went above it.

Currently, the price of Bitcoin is 9,065 USD (according to CoinMarketCap), after an increase of 4% from yesterday's lows, and is opening the door to higher profits. This is the largest one-day BTC increase in over two weeks.

On the daily chart, right above the current price, the first level of resistance is USD 9,125, followed by USD 9 600 and USD 10,375. Below the current price the first support level is USD 8,800, followed by USD 8,710 and USD 8,525.

As the experts claim, the influx of positive news, including yesterday's news about the Supreme Court of India revoking a banking ban against the cryptocurrency sector, and today's rumors that South Korea allegedly legalizes cryptocurrencies have caused market participants to jump with joy, expecting that the price of the coin will increase.

According to an analyst, Tanya Abrosimova, Bitcoin is rapidly moving towards the next important resistance level of USD 9,250, created by a combination of daily SMA50 and 23.6% lifting of Fibo from July 2019 to December 2019. It was followed by the level of USD 9,300. When it is not disturbing anymore, growth might benefit from traction, and the next step will be 9,600 USD.

The increase was also commented on by an esteemed analyst, Crypto Michael. He writes that the area of 8,950 - 9,000 USD has become a support. The analyst believes that BTC is now heading towards USD 9,250 and does not rule out a subsequent increase to USD 9,400.

 

Altcoins increase in value fast. Tezos, Binance Coin and Bitcoin Cash are the growth leaders

Altcoins also reacted to the increase in the leading cryptocurrency exchange rate, and the cryptocurrency market is again full of optimism. At the moment, all the coins among the top 50 in the case of capitalization (except for Chainlink) increase, and the upward trend seems to be gaining momentum.

Ethereum (ETHgained almost 3.6% since yesterday and reached USD 234 today, which is the highest level this month. Another barrier is at 245 USD (4-hour SMA100), then psychological at 250 USD.

Among the altcoins with high capitalization, however, Tezos (XTZ) has been growing the fastest in the last 24 hours, increasing its value by more than 9% and beating the important level of USD 3.00, aiming to test this year's maxima. Currently, the XTZ rate is 3.13 USD.

Binance Coin (BNB) and Bitcoin Cash (BCH) also recorded high growths, the first by 5.8% and the second by 5.2%.

Chainlink (LINK) is one of the leading altcoins today that is down, but the decrease is small, just below 1%. It is also worth noting that in recent days the coin recorded record increases, reaching yesterday its ATH at the level of USD 4.95 and it is possible that in the following days it will finally try to test USD 5.00.


Currency Exchange rate Buy cryptocurrency

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.