Author:
Bitcoin touched $60,000 once again but is still unable to overcome the coveted price tag decisively. Some altcoins have registered impressive gains, led by Binance Coin’s 15% surge, which led to a new all-time high for the crypto market cap just shy of $2 trillion.
Bitcoin Touched $60K But No Further
The primary cryptocurrency has flirted with the $60,000 price line for a few days now. On March 31st, it came inches away from overcoming it after an impressive leg up, but to no avail.
Just the opposite, the price slumped by $3,000 in a matter of minutes. However, the bulls regained control once more and pumped BTC to just shy of $60,000.
The situation seemed different a few hours ago when bitcoin surged from roughly $58,500 and even surpassed $60,000 briefly. Nevertheless, the cryptocurrency has retraced once again by several hundred dollars and currently sits around $59,500.
The technical indicators place the $60,000 price level as the first major resistance obstacle in bitcoin’s way up. Should the asset finally overcome it decisively, the following ones are $60,760 and the all-time high of $61,780.
In contrast, the support lines at $59,000, $58,355, and $57,545 could contain a potential price drop.
BNB and Crypto Market Cap at ATHs
While bitcoin has stalled beneath a significant milestone, some altcoins were able to break above theirs. Ethereum led the charge and jumped above $2,000 hours ago, as institutional demand towards the second-largest cryptocurrency has surged in recent weeks.
Binance Coin’s performance is even more impressive. BNB has been on a roll lately (15% up in a day and nearly 50% in a week). As a result, the native crypto of the leading digital asset exchange, Binance, reached a new all-time high of just above $350 (according to data from CoinGecko).
The rest of the top ten coins are somewhat stagnant on a 24-hour scale. Cardano, Polkadot, Litecoin, and Chainlink have marked minor gains, while Ripple and Uniswap are slightly down.
The situation with the lower- and mid-cap altcoins is also quite greenish. Helium leads with a 30% surge, followed by Dent (20%), EOS (14%), BitTorrent (14%), Elrond (12%), Maker (11%), Zcash (11%), Synthetix (11%), and Stellar (10%).
Consequently, the cumulative market capitalization of all crypto assets has surged to a new record as well. The metric came inches away from reaching $2 trillion yesterday but is now down to $1.930 trillion.
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
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.
Cryptocurrency charts by TradingView.