Nach dem gestrigen Preissprung stieg Bitcoin weiter und kam auf fast 17.000 $, wurde aber zumindest vorerst davor gestoppt.
SOL and ETC go ahead
CryptoPotato reported yesterday on the significant volatility that has seen numerous altcoins post double-digit price increases. As expected, the landscape is much calmer today.
binance Coin, Ripple, Cardano, Dogecoin, polka dots and Shiba Inu are now in with easy gains. Even though LTC now also slightly in the green, it was among the best performers yesterday and here are some of the possible reasons for the rally.
Today’s top winners are Solana and Ethereum classics from the large-cap alternatives. SOL is up over 9% and is trading north of $14. It’s worth noting that Solana’s native token has been among the worst performers since the FTX-Alameda saga began earlier this month. ETC, on the other hand, is up 6% and has clawed back $20.
With most low and mid cap alts trading sideways today, the entire cryptomarket capitalization remained relatively flat at $835 billion on CoinMarketCap.
Overview of the cryptocurrency market. Quantify Crypto
Bitcoin eyed $17,000
The primary cryptocurrency had fallen sharply earlier this week, hitting a two-year low on Tuesday. This came after a relatively stable weekend, which saw the asset hover around $16,500 for most of it.
However, as mentioned above, yesterday was very different. BTC rallied about 5% and jumped to its weekend level of $16,500. It attempted to advance even further north for the past 24 hours, but the bears halted it before it had a chance to challenge $17,000.
As of now, it’s trading on familiar ground, but there are warnings that the bottom may not yet be in, at least according to one key metric.
Source: Crypto News Deutsch