What's Hot

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Bitcoin and Ethereum Target Additional Gains, Altcoins Accelerate
    News

    Bitcoin and Ethereum Target Additional Gains, Altcoins Accelerate

    AdminBy AdminJanuary 12, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    • Bitcoin price is showing positive signs above USD 42,500.
    • Ethereum broke the USD 3,250 resistance, XRP tested USD 0.780.
    • AVAX and NEAR are up over 10%.

    Bitcoin price remained in a positive zone above the USD 42,000 level. BTC is currently (12:27 PM UTC) showing positive signs and it even spiked above USD 43,000. A daily close above USD 43,000 might push the price towards the USD 45,000 level.

    Similarly, most major altcoins are recovering and gaining pace. ETH surged above the USD 3,250 resistance zone. XRP is up almost 5% and tested the USD 0.780 level. ADA jumped almost 9% and cleared the USD 1.22 level.

    Total market capitalization

    Source: tradingview.com

    Bitcoin price

    After a steady recovery wave above USD 41,500, bitcoin price was able to continue higher. BTC climbed above the USD 42,500 resistance. It even broke USD 43,000 and seems like there are chances of more upsides. An immediate resistance is near the USD 43,200 level. The next major resistance is near USD 43,500, above which the price might test USD 45,000.

    On the downside, an initial support is near the USD 42,500 level. The next key support is near USD 42,000, below which the bulls might struggle to protect losses.

    Ethereum price

    Ethereum price formed a base above the USD 3,200 for more gains. ETH climbed above the USD 3,250 resistance levels. If the bulls remain in action, it could surpass USD 3,300. The next key hurdle is near USD 3,350, above which the price might rise to USD 3,500.

    An initial support is near the USD 3,220 level. The next major support is near USD 3,200, below which the price might start a fresh decline.

    ADA, BNB, SOL, DOGE, and XRP price

    Cardano (ADA) gained bullish momentum above the USD 1.20 and USD 1.22 resistance levels. It is up 9% and is testing the USD 1.25 resistance. The next major resistance is near USD 1.265, above which the price may perhaps test the USD 1.30 resistance.

    Binance coin (BNB) jumped 4% and traded above the USD 465 resistance. It is now facing resistance near the USD 472 level. The next key resistance is near USD 485, above which the bulls might aim for USD 500.

    Solana (SOL) is rising and trading above the USD 140 level. The next major resistance is near the USD 150 level. If the bulls remain in action, the price could test USD 165. If not, it might correct lower to USD 132.

    DOGE is consolidating above the USD 0.150 level. The next major resistance is near the USD 0.165 level. A clear move above the USD 0.165 level could start a stronger increase in the near term.

    XRP price climbed 5% and there was a move above the USD 0.765 level. It tested USD 0.780 and the bulls could test USD 0.80. If there is a downside correction, they might protect USD 0.750.

    Other altcoins market today

    Many altcoins are up over 5%, including LUNA, DOT, AVAX, MATIC, SHIB, NEAR, ALGO, FTM, FTT, MANA, and SAND. Out of these, FTM rallied 20% and there was a break above the USD 2.80 level, making the coin the best performing cryptoasset among the top 100 coins by market capitalization today.

    To sum up, bitcoin price is attempting an upside break above USD 43,000. If BTC settles above this level, it could start a steady increase in the near term.

    _____

    Find the best price to buy / sell cryptocurrency:

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Work on a Multi-CBDC Platform Has Revealed ‘More Questions Than Answers’ – BIS

    March 22, 2022

    Japan’s Crypto Exchanges Set to Speed ​​Up and Simplify Crypto Listing Process

    March 22, 2022

    Crypto Donations To ‘Freedom Convoy’ Evade Government Seizure

    March 22, 2022

    DeFiance Founder’s USD 1.76M Loss is a Lesson For NFT Investors

    March 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • First fundraiser for Doodles and new partnership
    • More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States
    • The bitcoin (BTC) invites itself in the programs of the University of Cincinnati
    • Cardano (ADA) Founder Offers Crypto Self-Certification
    • Axie Infinity: The company behind the game wants to compensate the victims of the hack

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy