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.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือOther 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
