Bitcoin’s highly volatile days continued with wild moves of nearly $ 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 5% and is finally trading above $ 30.
Sideways Bitcoin Price Action
As recently reported, bitcoin embarked on a massive bull run following a consolidation of approximately $ 19,000 for a few days which resulted in a break into over $ 20,000 uncharted territory.
The primary cryptocurrency doubled down on its bullish week and continued toward an all-time high of nearly $ 24,000 on Thursday.
The high fluctuations in the last 24 hours also continued. BTC traded around $ 23,300 before the bears took control and drove it down to an intraday minimum of under $ 22,400.
However, bitcoin refused to stay there and recoup all losses in the following hours. Nonetheless, the asset has fallen slightly since then and currently trades under $ 23,000.
From a technical standpoint, BTC’s next lines of resistance are located at well-rounded psychological levels – $ 23,000, $ 24,000, and $ 25,000. In contrast, the helplines at $ 22,250, $ 21,400, and $ 20,700 could assist in case the price drops.
BNB Holidays Above $ 30: Augur Soars 20%
The alternative coins followed an impressive bitcoin weekday run and some marked annual entries. Ethereum charted $ 675, and despite a slight withdrawal, it traded safe above $ 650.
Ripple has fallen below $ 0.60 after a 3% decline in the last 24 hours. Bitcoin Cash, Chainlink, and Cardano have remained essentially static since yesterday. Litecoin pumped to a YTD record of $ 112 before losing some steam to $ 107.
Binance Coin has won the most of 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 last 24 hours, followed by a massive 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 winner on a 24-hour scale. XEM has added another 13% in value and is trading above $ 0.30. The asset has increased by more than 30% in a week.
UNI and THETA have also increased by a two-digit percentage (about 10%) to $ 4.10 and $ 0.92, respectively. Lisk (9%), SwissBorg (8%), Nexo (8%), Aave (8%), and Terra (8%) follow.
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