The first cryptocurrency managed to break through resistance in the range of $ 8400-8500. Now the coin is trading at $ 8,700, and its capitalization has exceeded $ 150 billion.
The chart below shows how on Friday evening the price of BTC made a sharp breakthrough against the background of high trading volumes:
Hourly BTC / USD exchange Bitstamp from TradingView
According to the “old tradition”, Bitcoin pulled up almost the rest of the market. In particular, this is how the first ten of CoinMarketCap rating now looks like:
As you can see, over the past seven days, Litecoin has grown much faster than other coins (+ 16.2%). Over the past day, Binance Coin (BNB) has fallen somewhat in price, which may be due to the “overheatedness” of the coin and the expectations for American users to stop serving on the main platform Binance.com.
The total market capitalization currently stands at $ 273 billion . However, this indicator is still much less than the values recorded at the beginning of 2018. The current BTC dominance index is 56.4%, which indicates the strong position of digital gold in the market and the relatively low risk appetite of cryptoinvestors.
Recall, recently analyst Omkar Godboul discovered on the three-day chart a repetition of the 2015 pattern, which preceded the powerful rally of bitcoin prices.
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