Bitcoin holds $91,000 level; XRP surges 11% on SEC regulation optimism
Bitcoin experienced minor selling pressure over the weekend, dropping to $88,700 before quickly recovering to its current level of $91,000. While Bitcoin ETFs saw another week of inflows exceeding $1 billion, Ethereum ETFs also gained momentum, attracting $515 million in inflows over the past week
As of 11:54 am IST, Bitcoin was up 0.5%, trading at $90,986, while Ethereum gained 0.65% to $3,130 in the last 24 hours.
«For Bitcoin, the next resistance level is at $93,400, with strong support at $88,300,» said Edul Patel, Co-founder and CEO of Mudrex.
Vikram Subburaj, CEO of Giottus, said, «Bitcoin is consolidating above $90,000 with the total crypto market cap above $3 trillion. Staying above this level it is critical for Bitcoin as any decline can be sharp with big pools of long liquidations currently at $83,000.»
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Other cryptocurrencies also saw notable gains, including Solana (2%), XRP (11.3%), Dogecoin (5.7%), Shiba Inu (5%), Cardano (7.3%), Tron (4.5%), and Polkadot (4.7%).
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