Chart of the day - BITCOIN (09.09.2022)

Bitcoin prices returned above $20,000 during today's session as the weakening dollar triggered some risk-on moods. King of cryptocurrencies surged over 7% on Friday and is on track to add over 6% on a weekly basis. The total crypto market capitalization also managed to return above the $1 trillion mark.

Today's upward move was caused mainly by easing Treasury yields and dollar weakness, which pulled back from a 20-year peak hit earlier in the week as markets assessed Federal Reserve Chair Jerome Powell’s latest comments about inflation.

Other major cryptocurrencies followed Bitcoin's footsteps. Ethereum jumped nearly 5.0% and is trading above $1,700, while a slew of other smaller altcoins also rose. Solana rallied 6.0%, while Cardano and Polkadot added 4.0% and 4.5% respectively.

BITCOIN price rose sharply and broke above major resistance at $20,500, which is marked with previous price reactions and upper limit of the recent consolidation zone. If current sentiment prevails, upward move may accelerate towards next resistance at $21,850. Source: xStation5

4 November 2025, 9:51 AM

Crypto news: Bitcoin sell-off extends 📉Ethereum falls below important support zone

21 October 2025, 8:13 AM

Chart of the day: Bitcoin (21.10.2025)

20 October 2025, 2:04 PM

Crypto news: Bitcoin and Ethereum on the rise again 📈

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crypto

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Chart of the day - BITCOIN (09.09.2022)

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