Bitcoin-
Bitcoin BTC is now trading at roughly $61,000. After hitting a new all-time high of $66,999 last week, the asset had a little pullback as profit booking took place. Bitcoin has a market valuation of $1.1 trillion and a 46 percent market share.
The FDIC’s chairman stated that the agency is attempting to develop clear guidelines on the junction between cryptocurrency and US banks. That adds to the $2.6 trillion crypto industry’s generally upbeat outlook.
Bulls reaped the benefits as Bitcoin soared to a new all-time high of $66,999. Following this advance, BTC encountered solid resistance around the $67,000 mark, prompting some profit booking.
The asset dropped over 14%, settling at a weekly low of $57,653. BTC must break and close over $67,000 to continue rallying.
Ethereum (ETH)-
Ethereum has had a big surge over the last two weeks and is now trading at $4,350 after breaking above the $4000 barrier level. Last week, it reached a new all-time high of $4,401.
Over the last month, ETH has increased by almost 25%. ETH’s supremacy has also improved, with the second-largest asset now having a market value of $520 billion and a market share of close to 19%.
Bulls drove the price past long-held resistance of $4,370 last week, reaching a high of $4,456.Within a month, the asset has increased by over 50%. The asset is now consolidating and trading in a band of $4,250 to $4,400.
The relative strength index (RSI) is in the positive region, indicating that buyers have the upper hand. ETH is trading in an uptrend with rising moving averages and the relative strength index (RSI) in the positive territory. However, the asset must be closer to $4,456 to continue rallying.
Other Altcoins-
Polygon (MATIC) might achieve $3 by the end of the year, according to our trading department, as it tracks a pattern that resembles a bull flag.
Upbit, one of the top South Korean crypto exchanges by volume, introduced MATIC pairings to its trading platform, causing a boom in the Polygon market.
Polygon’s stock has risen by nearly 35% in the previous two weeks, and volumes have also increased significantly.
BAT, on the other hand, has been getting a lot of interest in the crypto industry. The Brave browser, which serves as BAT’s backbone, has witnessed a massive increase in users, including both retailers and publishers.
Along with the fact that it is still a cheap asset to purchase at present prices, has contributed greatly to the asset’s recent gain. It appears to be appealing since it is now trading for $1.25. BAT might achieve new all-time highs shortly if it continues to trade strongly over $1.
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