Author: Bitcoin’s highly-volatile days continued with wild moves of almost $1,000 that took it from $23,300 to $22,400 and vice versa. Most large-cap altcoins have remained relatively calm, with Ethereum trading mostly around $650. Binance Coin, though, has increased by 5% and finally trading above $30.
Bitcoin’s Price Sideways Action
As reported recently, bitcoin initiated a massive bull-run following consolidation around $19,000 for a few days that resulted in breaking into uncharted territory above $20,000.
The primary cryptocurrency doubled-down on its bullish week and continued towards a new all-time high of nearly $24,000 on Thursday.
The high fluctuations continued in the past 24 hours as well. BTC traded around $23,300 before the bears took control and drove it down to an intraday low of beneath $22,400.
However, bitcoin refused to stay there and recovered all losses in the following hours. Nevertheless, the asset has slumped slightly since then and currently trades below $23,000.
From a technical perspective, BTC’s next resistance lines are situated at round psychological levels – $23,000, $24,000, and $25,000. In contrast, the support lines at $22,250, $21,400, and $20,700 could assist in case of a price breakdown.
BNB Breaks Above $30: Augur Soars 20%
The alternative coins followed bitcoin’s impressive run during the week and some marked yearly records. Ethereum charted $675, and despite retracing slightly, trading safely above $650.
Ripple has dipped below $0.60 after a 3% decrease in the past 24 hours. Bitcoin Cash, Chainlink, and Cardano have remained essentially stagnant since yesterday. Litecoin pumped to a YTD record of $112 before losing some steam to $107.
Binance Coin has gained the most from the top ten with a 5% surge. As a result, BNB has jumped to $32.
The first ERC-20 prediction platform is up 20% over the past 24 hours, followed by a huge amount of volume – $200 million according to CoinMarketCap. Earlier today, Augur reached over $26, which represented a surge of over 60%.
NEM is the most impressive gainer on a 24-hour scale. XEM has added another 13% of value and trades above $0.30. The asset has increased by more than 30% in a week.
UNI and THETA have also surged by a double-digit percentage (around 10%) to $4.10 and $0.92, respectively. Lisk (9%), SwissBorg (8%), Nexo (8%), Aave (8%), and Terra (8%) follow.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
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.