Bitcoin, the flagship cryptocurrency with a grip on the entire crypto market, failed to rise above the $20,300 mark or sink below the $18,200 support.
However, this week, the bulls appear to have taken action at long last. The top ten cryptocurrencies are now in greens, with Bitcoin, Cardano, Dogecoin, and Ethereum gaining as much as 5 – 10% over the last 24 hours.
The global crypto market cap has risen as well, gaining 5% and sitting comfortably above the trillion dollar mark at the time of writing.
The global crypto market’s market volume over the last 24 hours is over $85 billion, marking a 65%+ increase.
The entire crypto market is in a state of indecision, indirectly affecting price analysis. Bitcoin and many other crypto assets have remained in consolidation for weeks but saw a major breakout on Oct 26.
Even though Bitcoin, Ethereum, and most of the altcoins saw major price upticks. The bulls must overcome a few important resistance levels to keep up the bullish momentum. Doing this is important, especially in the wake of the crypto winter that continues to ravage the market.
Here are some of the cryptocurrencies you should know about: What they’ve done, what they’re doing, and what they might do in the near future.