The cryptocurrency market is exhibiting a vibrant hue of green, with Bitcoin maintaining its stance below the resistance level and altcoins capitalizing on the momentum to register gains.
Bitcoin’s Resilience
Bitcoin, the flagship cryptocurrency, is showcasing a commendable resistance to downward pressure, consistently hovering around the $35,400 mark. Despite facing rejections at the $36,000 resistance level, the market’s behemoth is displaying a robust price action, hinting at a potential upward trajectory.
Ethereum’s Steady Progress
Ethereum, mirroring the fabled tortoise’s steady pace, is methodically consolidating its position. The digital asset is striving to fortify its ground above the crucial $1,880 trend line, a vital move for its long-term market performance against Bitcoin.
Altcoins on the Rise
The collective market cap of altcoins is inching closer to a pivotal trend resistance, with a breakthrough potentially catapulting the value to new heights. The altcoin sector’s vitality is closely tied to Ethereum’s performance, with the latter’s success pivotal for a decrease in Bitcoin’s market dominance and a subsequent altcoin rally.
