Yesterday, Bitcoin (BTC) price made mincemeat of the important resistance level just above $64,000. The rise in Bitcoin prices has given a big boost to altcoins in particular. This shot was fired into the air in a short time last night. Popular memecoins, including Shiba Inu (SHIB), have benefited the most from Bitcoin's jump.
Bitcoin price rises unexpectedly
Bitcoin showed slight price fluctuations yesterday, as usual on a weekend day. During the morning and afternoon the racing showed few signs. Without much volatility, Bitcoin moved sideways just below $64,000.
Just before the evening started, there was a sudden movement in the price of Bitcoin. In less than two hours, the price rose about 2.5%, from about $63,800 to a peak of $65,400.
Thanks to its price rally, Bitcoin ended the day above an important resistance level, several hundred dollars above $64,000. If the price drops from the current level, it makes sense that this would be the first level to watch. On the way up, the next major hurdle is the area around $69,000.
#Bitcoin Daily close above resistance: pic.twitter.com/IUN81KSeke
– Matthew Hyland (@MatthewHyland_) April 21, 2024
At the time of writing, the price of Bitcoin on SATOS-backed cryptocurrency exchange Bybit was worth $65,096. On Dutch cryptocurrency exchange Bitvavo, the price of BTC in euros is 61,207. Compared to 24 hours ago, Bitcoin fell by 1.63%.
Altcoins steal the spotlight, especially memecoins
All attention is currently focused on the rest of the market. The rise in Bitcoin prices has turned almost every altcoin into the green. The vast majority have also made a bigger leap than the king of cryptocurrencies.
Memecoins in particular are doing well at the moment. Shiba inu, the second largest memecoin in the industry, rose by a whopping 18.02%. Floki (FLOKI), which is ranked 68th on the cryptocurrency market, is the absolute winner last day with a massive increase of 39.87%.
All top 10 coin colors saw price increases in the past 24 hours. For example, Ethereum (ETH) is up 3.55%, Solana (SOL) is up 2.92%, Ripple (XRP) is up 3.15%, Dogecoin (DOGE) is up 5.05%, and Cardano (ADA) is up 2.07%.
10 EUR in free cryptocurrency of your choice
Are you ready to dive into cryptocurrencies and are you thinking about acquiring Bitcoin or any other cryptocurrency? In collaboration with Bitvavo, the largest cryptocurrency exchange in the Netherlands, we have a special deal for our readers.
Register with Bitvavo today via the button below and receive A crypto gift worth €10 of your choice. In addition, you can also benefit from no trading costs on the first 10,000 EUR of transactions. This is your chance to start investing in the world of cryptocurrencies at no additional cost.
Post views: 3,247
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”
More Stories
Thai Air Force wants Swedish Gripen 39 fighter jets
Ageas surprises with higher operating result
Horse Palace in Belt for sale