Bitcoin advanced ahead with a fast-paced positive outlook, even as the crypto course looked upwards after days of stress.
Bulls were all smiles in the last 24 hours as the crypto course went for a huge surge, rising up from its earlier stagnant levels. Long-term investors had finally seen their patience pay off as Bitcoin erased its losses of the last few weeks and looked set to cross $30000 in the short term.
Major crypto tokens saw a sudden hike along with BTC, as Litecoin and Cardano rose by above 9%, while others like Solana, Polygon and Polkadot also hit the green signal. ETH firmed up above $1800 with the latest crypto hike.
Volumes in the crypto market increased to over $43 billion as traders adopted a broad-based optimistic outlook. Heavy buying resumed after days of uncertain trends in the crypto market.
BTC’s market cap itself hit $559 billion, sending positive triggers across the crypto course, which was flat for the last few days. Its next resistance could form at the $30000 mark, while its support looks strong at $28,450 currently. The crypto market’s overall capitalization crossed $1.3 trillion with the latest rally.
BTC/USD 1D price chart
Bitcoin is currently trading at around $29000 on June 21, 2023, with BTC/USD up by around 8.3% in the previous 24 hours, witnessing a rapid rising movement. BTC/USD is trading above its 20-day EMA (26,718.83) as BTC’s 24-hour volume stayed over $27 billion. Bitcoin has seen around 74.58% returns on a year-to-date basis.