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
ข่าวคริปโต: Bitcoin ปรับตัวขึ้นเกือบ 2% แม้เกิดสงครามในตะวันออกกลาง 📈
Jane Street บริษัท Market Maker ระดับตำนาน ขึ้นศาลแล้ว
สรุปข่าวเข้า 27 ก.พ.
📉 ดอลลาร์สหรัฐแข็งค่า กดดัน EUR/USD, เงิน และ Bitcoin
