With investors’ sentiments showing a broad-based recovery in the last 24 hours, the market witnessed the crypto track move ahead.
The crypto market was upbeat, with positive calls in the last 24 hours, as Bitcoin remained firm above $26000, and major macroeconomic indicators were missing for any negative triggers. A few tokens witnessed mixed movements, though, as XRP, BNB, and Cardano did not rise up from their earlier trading ranges.
On the other hand, Solana, Polygon and Bitcoin saw gains. ETH was flat at around $1725. With Bitcoin inching closer towards the $27000 mark, the crypto track was all set to recover all losses of the last few days.
In the early hours of June 20, Bitcoin surpassed $27000 but fell below $26000 as sell-offs resumed. A full-blown bullish momentum was missing from the markets, yet BTC’s current trading range has managed to bring in bulls to the crypto market at a steady rate.
While BTC’s current resistance is at $27200, its support has formed at around the $26300 level. The global crypto market’s capitalization presented a decent picture as it traded around $1.07 trillion and rose by 0.62%, while Bitcoin’s dominance is at $520 billion.
BTC/USD 1D price chart
Bitcoin is currently trading at around $26700 on June 20, 2023, with BTC/USD up by around 1.4% in the previous 24 hours, witnessing a balanced movement. BTC/USD is trading above its 20-day EMA (26,521.68) as BTC’s 24-hour volume stayed over $14 billion. Bitcoin has seen around 61.46% returns on a year-to-date basis.