The climb that the bitcoin (BTC) price started just after the Litecoin (LTC) Walmart debacle has ensured that the price has made a nice move again today. As a result, almost the entire market is turning green with finally some life again at cardano (ADA). That altcoin is rising the fastest of the top 10!
Bitcoin (BTC) Enters Top Half of Price Range
Since the heavy volatility of two days ago, bitcoin has taken some positive steps. BTC is already in the plus with 10% compared to that moment. At the time of writing, the price of bitcoin is $48,200 on crypto exchange Coinbase with trading volume also increasing on the 4-hour chart.
The price is thus once again entering the upper zone of the price range in which bitcoin has been trading since the beginning of August. The bottom of this range is around $42,000 and the price appears to be well on its way to tapping back to $50,000. Still, we’ll have to wait and see if we see a continuation of the movement this time around. For example, the centerline of the Bollinger Bands on the daily chart around the current price level can throw a spanner in the works.
#Bitcoin on its way to $50,000. pic.twitter.com/NbszA1isqF
— Michaël van de Poppe (@CryptoMichNL) September 15, 2021
Cardano (ADA) finally shows something again
Also within the top 10 we see green-colored prices. Ethereum (ETH) follows bitcoin and is up 3.3%. Cardano is up 7.3% and is the biggest top 10 riser. ADA is now worth $2.57. Binance coin (BNB) is also not doing badly, rising 6.3%. BNB is now worth $435.
The only descender within the top 10 is polkadot (DOT). The number 8 is down 2% and is worth $36.6. It is striking that solana (SOL) is able to hold its own, despite the major problems that the network had to contend with yesterday. The biggest risers of the top 100 are curve DAO token (CRV) and fantom (FTM). They were up 19.2% and 18.7% respectively in the past 24 hours.
All cryptocurrencies combined are now worth $2.18 trillion, up 2.8%. Bitcoin dominance remains steady at 41.6% despite the well-performing altcoins.