The cryptography market increases again with Ethereum (ETH), XRP and Binance Coin (BNB) displaying stronger than Bitcoin gains in the past 24 hours. While Bitcoin holds the ground above $ 119,000, it is the Altcoins that make the headlines today.
According to CoinmarketCap, the total global market capitalization of cryptography is now 3.96 dollars, up 1.82% on the last day. The domination of the bitcoin begins to slide, allowing altcoins to shine. The Fear & Greed index is currently 67 years old, showing that the feeling of investors has firmly transferred to the “greed” area.
Ethereum Eyes escape $ 4,000
Ethereum directs today’s rally, currently negotiating above $ 3,890, up more than 3% in the last 24 hours. Merchants think that ETH could soon cross the $ 4,000 mark if the momentum continues. An important resistance area is between $ 4,200 and $ 4,300, which could trigger the next wave of purchase.
BNB reaches a new summit of all time
The BNB, the native Binance token, is one of the strongest artists, jumping out of 6% today and almost 12% during the week to reach $ 851, a new summit of all time. This decision confirms that investors are making the benefits of bitcoin in high -level altcoins. Liquidity spreads to the market, supplying short -term gatherings on various tokens.
XRP follows with solid gains
XRP also experienced a healthy upward trend, trading at $ 3.27 with more than 5.8% of weekly gains. While the legal drama Ripple vs dry persists, the interest of the market for XRP remains strong, partly due to the speculation of the FNB and the growing global adoption.
What stimulates the market?
Several factors push the market above:
- Bitcoin Weekly Close: BTC recently had its highest weekly fence, strengthening the Haussier feeling.
- Macro relief: the United States and China have agreed to suspend prices for 90 days, and the United States has concluded a trade agreement with the EU, softening the fears of investors.
- USDT and BTC Dominance Falling: With the domination of stablecoin and slippery bitcoin, altcoins attract fresh capital.
- Positive techniques: Many parts have broken the past resistance levels, preparing the way for potential eruptions.
What is the next step?
The analyst said we are still in the middle of a bull cycle. The next major summit to train around October or November, on the basis of global liquidity trends and political deadlines such as the vote of the bill on the structure of the crypto market expected in September.
For the moment, attention is on Ethereum to break $ 4,000, and the next Bitcoin key target range is between $ 127,000 and $ 132,000. If the current Altcoin trend continues, the wider market could soon test new heights.
