A swift return to form for Bitcoin sparks 8% daily gains and gives no hint of a deeper reversal under $30,000. Bitcoin (BTC) returned to hitting records on Dec. 30 after a fresh rebound took it above its $28,400 all-time high.
Data from Cointelegraph Markets and TradingView showed BTC/USD tackle its existing historic top during trading on Wednesday. In a strong resurgence overnight, Bitcoin confirmed that it had no time for bears after briefly dipping as low as $25,830 over the past 24 hours.
Daily gains were at 7.5% at press time as $28,560 became reality. The move brings Bitcoin ever closer to sealing $30,000 as a new psychological level before the end of the year, something which seemed all but impossible just one week ago.
As Cointelegraph reported, however, analysts still believe that a reversal could take the largest cryptocurrency down to existing support at $19,500. On Tuesday, Cointelegraph Markets analyst Michaël van de Poppe noentheless highlighted $27,500 as the critical area to break in order to pave the ways for new all-time highs.
The knock-on impact among major cap altcoins was clearly felt, with Ether (ETH) nearing $740 after rising 5.5% on the day. Polkadot (DOT) added to existing strength to see weekly performance approach 50%.
As before, the exception was XRP, which maintained 10% daily losses as continued delistings by major exchanges further weighed on sentiment. The troubled coin nonetheless managed to reclaim $0.20.
ICOs | Rating | Days left | |
---|---|---|---|
1 | 2local | 5 | 29 |
2 | PointPay | 5 | 142 |
3 | Ledder | 4.9 | 28 |
4 | DogData | 4.9 | 29 |
5 | Tycoon | 4.9 | 59 |
6 | SerenitySource | 4.9 | 59 |
7 | Curate | 4.9 | 89 |
8 | IdeaFex | 4.9 | 472 |
9 | Pbet | 4.8 | 28 |
10 | Sportcash One | 4.8 | 29 |
Сryptocurrency | CVIX | Price | Change, 24h |
---|---|---|---|
Bitcoin | 64 | $48 697.66 | 5.41% |
Ethereum | 66 | $1 544.55 | 7.61% |
Cardano | 77 | $1.21 | -3.69% |
Binance Coin | 86 | $246.51 | 11.19% |
Tether | 1 | $1.00 | -0.09% |
Polkadot | 83 | $35.68 | 6.98% |
XRP | 75 | $0.433300 | 3.51% |
Chainlink | 68 | $28.76 | 15.38% |
Litecoin | 67 | $172.37 | 4.37% |
Stellar | 75 | $0.417800 | 2.32% |
Exchange | Volume change, 24h | ||
---|---|---|---|
1 | Binance | 4.75% | |
2 | Coinbase Pro | 1.85% | |
3 | Kraken | 6.80% | |
4 | Bitfinex | 8.97% | |
5 | KuCoin | 4.90% | |
6 | Venus | 12.22% | |
7 | Binance.KR | 17.13% | |
8 | EtherFlyer | 41.08% | |
9 | HBTC | 17.24% | |
10 | ZG.com | 4.44% |