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Bitcoin kicked off another impressive milestone that led to a new new 35-month high at nearly $ 19,000. Just a few percentages from the all-time high in December 2017. Altcoins also painted impressive prices, including a 25% increase for Ripple.
Bitcoin is less than $ 1K from its ATH
Just five days ago, Bitcoin was struggling to decisively surpass the $ 16,000 price point. However, the leading cryptocurrency has gone up in smoke since then, which took it to $ 18,500 a few days ago. This became the highest price reached by BTC since January 2018.
Bitcoin’s volatility has returned to play, as the asset retested $ 17,400 before returning above $ 18,000. The situation accelerated yesterday. BTC was hovering just above $ 18,000 before the bulls rallied and took BTC to its highest price since December 2017, starting now, at nearly $ 19,000.
From a technical analysis standpoint, before BTC finally reaches the above $ 20,000 price discovery, it should fight the resistance lines at $ 18,950, $ 19,400 and $ 19,660. As of now, it seems like nothing can stop Bitcoin. Alternatively, BTC could rely on $ 18,500, $ 18,200, and $ 18,000 to support a correction.
XRP Time: Ripple Leads the Altcoin Explosion
Alternative currencies followed, and some even outperformed the latest BTC price developments. Ripple is the most impressive gainer among the larger cap altcoins. XRP was up 24% in one day and was close to $ 0.38 at the time of writing. This is XRP’s highest price level since June 2019.
Cardano also experienced a significant price increase of over 15%. As a result, the ADA rose above $ 0.12.
Ethereum jumped 3% to its new 2020 high above $ 515. Bitcoin Cash (6%), Binance Coin (2.5%), Chainlink (3%), Polkadot (3%) and Litecoin (2.5%) %) are ranked in the top 10.
Additional double-digit gains are evident from NEAR Protocol (23%), OMG Network (23%), Algorand (14%), Stellar (13%), Balancer (13%), NEM (12%), IOTA (12%) ), Crypto.com Coin (11%) and Reserve Rights (10%).
As a result, the total market capitalization rose to $ 530 billion. The cumulative market cap of all cryptocurrency assets added $ 160 billion in one month.
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