Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440.
Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months.
About three days ago, the primary cryptocurrency was in a bit of a jam as it dipped to $11,100. It began losing its dominance over the market, but the bulls have since regained possession and drove Bitcoin upwards.
Their attempt seemed solid, and BTC quickly came knocking at $12,000’s door. During this month-long bull run, which started from $9,000 in mid-July, the asset had seen three failed attempts to overcome that particular psychological level.
On some previous occasions, Bitcoin managed to climb above ($12,100 – the 2020 high) shortly before getting rejected. This time, however, the price increase stopped just beneath the $12,000 mark and has retraced to about $11,900 as of writing these lines.
In case Bitcoin finally conquers the $12,000 resistance, it would have to battle $12,100 and $12,400 to move upwards. Contrary, if the price tumbles, the asset might find support at $11,400, $11,100, and $11,000.
During the past 24 hours, the alts have separated into two equally represented camps in green and red.
The retracing ones from the top 20 include Tezos (-3.5%), Monero (-1.5%), Cosmos (-2.2%), Cardano (-2.3%), and Chainlink (-4.5%). After several consecutive days of painting new all-time highs, LINK drops down a notch to $16.
From the lower-cap alts, more substantial loses are evident for Swipe (-17%), Aragon (-16%), Balancer (-14%), Algorand (-11%), Ampleforth (-11%), and Ocean Protocol (-10%).
On the other hand, Ethereum continues heading to a 2-year high of more than $440 after another 3.5% increase.
Litecoin gains about 1% of value, while Binance Coin (BNB) and EOS are the most impressive gainers from the top 20. BNB jumps by 9% to nearly $24, while EOS is 6.5% up to $3.4.
The most impressive gainers from the past 24 hours are Synthetix Network (29%), Quant (21%), Loorping (18%), Status (17%), 0x (15%), THORChain (12%), Ren (12%), DigiByte (11%), and Aave (10.5%).
Looking in a broader chart, data from Santiment indicates that 90% of all top 100 cryptocurrencies are in the green in the past three days. The percentage increases to 95% when examining the performances in the past month, and it goes to 97% in the past three months.
