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

1 September 2026, 6:54 PM

Daily Summary: Summer Is Over. Markets Shift Into Risk-Off Mode

28 August 2026, 5:34 PM

Bitcoin and US indices decline amid Fed rate hike fears 📉

28 August 2026, 6:53 AM

Morning Wrap: Markets freeze before Jackson Hole. Bitcoin back below 80K USD (28.08.2026)

27 August 2026, 2:13 PM

Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)

Crypto

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