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bitcoin
Bitcoin (BTC) $ 98,702.45 4.51%
ethereum
Ethereum (ETH) $ 3,489.40 2.68%
tether
Tether (USDT) $ 0.999911 0.08%
xrp
XRP (XRP) $ 2.31 3.06%
bnb
BNB (BNB) $ 697.29 1.10%
solana
Solana (SOL) $ 196.84 4.12%
dogecoin
Dogecoin (DOGE) $ 0.336106 4.17%
usd-coin
USDC (USDC) $ 1.00 0.07%
staked-ether
Lido Staked Ether (STETH) $ 3,485.96 2.69%
cardano
Cardano (ADA) $ 0.933269 1.31%

Market Watch: Despite Wall Street, Bitcoin Holds Above $30K So Far

Bitcoin has reclaimed the $30,000 price tag after another brief drop beneath it yesterday. Most alternative coins have also bounced off the lows as ETH has neared $1,300, while UNI jumped to a new all-time high.

Bitcoin Swings Around The $30K

Following an unsuccessful attempt to overcome $35,000 earlier this week, bitcoin started to gradually decrease in value. The adverse movements culminated in another price drop beneath the psychological $30,000 level, as CryptoPotato reported yesterday.

Shortly after the dip, though, the bulls took charge and drove the asset upwards. Following a few rejections, the cryptocurrency finally managed to reclaim $30,000 and currently trades just north of $31,000.

From a technical perspective, BTC’s most significant support level remains at $30,000. Should the asset break down below it once more, the following ones are at $29,630, $28,500, and $28,000.

Alternatively, if bitcoin resumes its bull run, it would have to overcome the resistance lines at $32,500, $33,100, and $34,000.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BTC’s decline yesterday coincided with substantial losses on Wall Street. The three most prominent US stock indexes, namely the S&P 500, Nasdaq, and Dow Jones, dropped by over 2% in a day.

However, the Nasdaq futures contracts have added 1% after hours, while the Dow and the S&P 500 have continued with indecisive movements.

Stagnant Altcoins, Exploding UNI

Most alternative coins also dipped in value similarly to bitcoin yesterday. On a 24-hour scale, though, most top ten coins have shown signs of recovery.

Ethereum is slightly up but still trades around $1270. Binance Coin (1.7%), Polkadot (3%), Cardano, and Litecoin (1%) are essentially at the same price spot as yesterday.

Chainlink is the most significant gainer from the top ten with an 8% surge to $23.3. In contrast, XRP and BCH have lost the most and are down to $0.25 and $387, respectively.

crypto_market_overview
Cryptocurrency Market Overview. Source: TradingView

Dogecoin has gained the most with a 37% surge, followed by 1inch (25%), THORChain (21%), Fantom (19%), Elrond (16%), and Kusama (13%).

Uniswap’s governance token has also added value and reached a new all-time high above $15 earlier today.

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