- As Former Vice-President Joe Biden inches closer to the White House and positive sentiment evolving in the global market, Bitcoin finally reclaimed the target of $14k
- The overall market capitalization has reached $410.41B resulting in an increase of 3.19% over the day.
- The overall 24-hour volume traded has soared to $981.73B, making a 1060.87% increase over the day.
- The dominance of the crypto king is still moving positively, having a gain of 0.38%, bringing the current level to 64.61%
Bitcoin Reclaims $14K; Ether Breaks Above $400; Altcoins Taking Turtle Steps.
The market overview reflects that Bitcoin and Ethereum have been prominent performers on Thursday’s market session as both the crypto assets have achieved their respective target levels of $14K and $400.00. As the global sentiment prevails, the crypto market is looking to gain new levels for the year. However, if we look into the altcoins’ price movements, they haven’t been quite that significant in the market, and even some of them are currently facing negative momentum.
Bitcoin (BTC) Price Predictions
Bitcoin has broken above its target of $14K during the starting days of this month as global market sentiments prevail with the USA getting an inch closer to having its 46th President. This bullish momentum’s significance is much more than expected as the price levels have also broken above the significant resistance level of $14200.00. The CMP is placed at $14345.32, having an overall gain of 4.32%, bringing the market capitalization to $ 265,880,545,675 with the 24-hour volume traded $460,447,335,287. BTC dominance’s bullish nature is also helping the world’s largest crypto asset to gain new levels for the year.
Ethereum (ETH) Price Predictions
Ethereum was able to break above $400, making its one of the first positive rallies with great significance and Bitcoin. Ether could take giant positive steps in terms of price levels; meanwhile, Bitcoin is gaining new levels for the year. Still, Ether is currently running behind BTC in price growth action from the past couple of months. The price sustainability of ETH above $400 is still the aspect to look out for. The price levels have already shown signs of reversals from the level of $410.00. The CMP has placed at $401.69, having an overall gain of 4.87%, bringing the market capitalization to $45,510,474,002 with the 24-hour volume traded of $ 17,820,448,917. The ETH/BTC pair has turned positive, having a marginal profit of 0.42%, bringing the current level to 0.02800936 BTC.
Litecoin (LTC) Price Predictions
The intraday price performance chart of Litecoin reflects the price levels just managed to avoid a potential downfall below the crucial mark of $50.00. The price levels are now moving positively, having an overall gain of 3.18%, bringing the CMP to $55.33. The market capitalization has reached $3,641,153,145 with a 24-hour volume traded of $4,723,574,574. However, the current concerns lie in the LTC/BTC pair’s negative momentum, which is facing a loss of -1.035, bringing the current level down to 0.00384833 BTC. The pair’s negative performance certainly puts doubts on the sustainability of the current positive move for the crypto asset.
Ripple (XRP) Price Predictions
Ripple hasn’t shown any significant movement on Thursday’s market session as it is having a marginal profit of 0.62% only. The CMP is still placed at the $0.23 level with the market capitalization of $10,824,562,945 and the 24-hour volume traded of $ 22,753,479,751. The crypto asset’s main concerns are the continuous decline in the value of the XRP/BTC pair, which has now reached 0.00001660 BTC, facing an overall loss of -3.62%. The coin must attempt a positive breakout above the $0.25 level to build a sustainable bullish rally further ahead in the market.
Chainlink (LINK) Price Predictions
After touching the major support level of $ 9.80, Chainlink has managed to make a positive comeback on Thursday’s market session with an overall gain of 1.71%, bringing the CMP to $10.47. The market capitalization has reached $4,089,236,839 with the 24-hour volume traded at $1,689,270,400. However, the LINK/BTC pair performs negatively, facing a loss of -3.07%, bringing the current level to 0.00072499 BTC. It will be key to watch out for the resistance level of $11.00 if the price levels sustain the current positive momentum.