The cryptocurrency market has increased by 0.92% in the past 24 hours, now valued at $2.34 trillion. Top projects like Bitcoin, Ethereum, and Ripple have gained more value.
Bitcoin: On the verge of a breakout?
Bitcoin price has risen ~1% over the last 24 hours, nearing the $69,000 level. It has increased by 8.27% this week and 61.37% this year. The RSI is close to overbought territory, with EMA 50/200 showing a bullish curve, suggesting a potential bullish trend. Bitcoin may retest its ATH of $73,750.07 or fall back to $60,000 support.
Ethereum: Consolidated price action
Amid increased volatility, the ETH price holds above the $2,600 level, jumping 7.62% over the past week. With a market cap of $317.650 billion, MACD shows a rising green histogram on the 1D time frame. Bulls might push the price to $2,800 resistance, while bears could drop it back to $2,400.
Ripple: Crucial watch zone
Despite volatility, XRP shows neutral action over the week, dropping 7.34% over 30 days. EMA 50/200 shows a constant decline, while RSI is neutral. If bulls push above $0.560, Ripple could aim for $0.630; fall might lead to $0.480 support.
The current cryptocurrency market scenario shows increased volatility. Bitcoin, Ethereum, and Ripple exhibit varied price trends, potentially leading to important market shifts.