Wednesday in the watchful world of crypto, Bitcoin (BTC) was trading at $34,000 when the new day began, but asserted its way up to $35,000 in no time. At $35,000, “Bit” got rejected back down to $33,300 at the lowest point of its day, while the bulls had bigger plans for BTC. In one of the asset’s strapping manuevers, BTC went soaring from just above $33,000 all the way up to $37,500, a hefty $4,000 pump all in one push. From there, BTC had a small correction at a lower low of $37,050, where the bulls were lurking with support once more. In their last strike of the day, the Bitcoin bulls pushed the price of the asset well up above $38,000 going into Thursday. With a Bitcoin dominance of 68.3% against the rest of the cryptoassets, BTC is back up around 100% for the month.
Moving on to the DeFi wonder, Ether (ETH) was trading at around $1,100 going into Wednesday, finding a firm and solid bottom early at the $1,000 price level, a zone around which it would not fall under. From there, ETH rallied to around $1,300 before meeting back up with resistance and rolling back down to the $1,100 levels where it started the day. ETH was not done with Wednesday yet, however, as the bulls, like they did with “Bit” brother, gave ETH one more leg-up for the day, driving the asset back on an upward trajectory to edge above $1,200 by the end of the night. Like BTC, ETH is back up over 100% for the month and looking prime to surpass its 2018 all-time-high (ATH).
With BTC and ETH radiating an air of bullishness, the altcoins wasted no time getting back into action on Wednesday, with about 30 projects from the Top-100 ending the day up in double-digit percentages. Beginning with the larger-marketcap tokens first, the double-digit winners for the day were as follows: Polkadot (DOT) up 28%, Litecoin (LTC) ~ 10%, Chainlink (LINK) ~ 11%, Theta Network (THETA) ~ 16%, Aave (AAVE) ~ 10%, VeChain (VET) ~- 11%, Cosmos (ATOM) ~ 10%, Uniswap (UNI) ~ 14%, zCash (ZEC) ~ 12%, IOTA (MIOTA) ~ 10%, yearn.finance (YFI) ~ 10%, Compound (COMP) ~ 13%, FTX Token (FTT) ~11%, Zilliqa (ZIL) ~ 10%, Kusama (KSM) ~ 24%, Decred (DCR) ~ 15%, Sushi (SUSHI) ~ 16%, Elrond (EGLD) ~ 13%, Synthetix (SNX) ~ 19%, Loopring (LRC) ~ 26%, The Graph Token (GRT) ~ 24%, Near (NEAR) ~ 13%, THORchain (RUNE) ~ 23%, DigiByte (DGB) ~ 10%, Ren (REN) ~ 18%, Hedera Hashgraph (HBAR) ~ 13%, IOST (IOST) ~ 24%, Ampleforth (AMPL) ~ 11% and Verge (XVG) went up 17% to wrap up another day in crypto.
- BitcoinPumpsUSD4kOnWednesdayFinishingDayAboveUSD38k
- EthereumDefendsSupportAtUSD1kBeforeSurgingUSD2kStillUpOver100ForTheMonth
- AltcoinSeasonHasArrivedOver30projectsFromTop100ListEndDayUpInDoubleDigitsWednesday
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