Bitcoin dominance at CoinMarketCap reaches a two-month high as the altcoin lag is restored. The unique growth of BTC / USD during yesterday's evening session (GMT) identifies the force that drives the cryptocurrency market. As discussed yesterday, the largest digital asset held support in the amount of $ 5,000, and then adjusted movement above the 50-hour simple moving average (SMA) for 1 hour and 100-SMA for 1 hour. Bull candle exploded up, raising the price of BTC to 5 200 dollars.
Bitcoin closed the session on Tuesday in positive territory – above $ 5,200, and then continued to rise and above $ 5,250. to the 1-hour chart, it is shown that Bitcoin is still in bull mode and is likely to increase profits. Meanwhile, the RSI is at the level of 67.85, and the MACD is at 35.64. Moreover, the price is now higher than SMA.
BTC / USD 1 hour chart
Meanwhile, Ethereum is trading at $ 166, showing a gain of only 1.5%. Ripple also shows a slight increase of 0.29% in the last 24 hours. The price of Ripple is $ 0.323. At the moment, of the main altcoins, only Bitcoin Cash is trading in red, losing 2.10% of its value in the last 24 hours.
And what do you think about this?
