Crypto Market Update

 

Hello, dear friends!

Despite many doubts on the direction of the market situation, crypto is going strong and has shown great progress during the last 24 hours.

Crypto Market capitalisation finally surged and is now at $211b where it hasn`t been in a very long time.

Bitcoin is also close to $7,000 having added over 8% in the last 24 hrs.

LTC, BCH, ADA and EOS added over 10% in their value. Most other altcoins are also tailing BTC.

24 hr trading volume grew rapidly to $84b showing that many people are ready to open positions and were waiting for a favourable market situation.

$6,400 was considered to be a key resistance level. It also worked as support last year. So breaking this historical resistance level showed that the bulls are strong and bears have no power to hold them.

Some indicators have shown signals for a growing trend before but the level of the rise was pleasantly surprising.

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