Investing.com – Volatility in the cryptocurrency market remains high, but in one case, not all cryptocurrencies are moving in the same direction.
Of the 10 most important cryptocurrencies, 4 have seen clear gains in the last 24 hours and 5 have declined (the stablecoin, Tether, remains stable as it is pegged to the dollar).
Bitcoin Returns To $ 55k After $ 58k Failure
The largest cryptocurrency by capitalization has lost 3% in the last 24 hours, from a recent low of $ 55,200. Let’s remind that last Saturday and yesterday we tried unsuccessfully to pass above the resistance zone of $ 58,000, where the resistance is. As such, this threshold will be seen as key resistance to Bitcoin’s resumption of growth. On the other hand, $ 55,000 should be seen as support for the breakout to further weaken Bitcoin’s fragile profile.
Ethereum Continues To Break Records, Goal $ 3,500
For its part, the second largest cryptocurrency, surging more than 10% in 24 hours at the time of writing, currently stands at $ 3,300 after an all-time high of $ 3,440 per night. As we noted, the last big news is that the EIB is planning to issue a bond on the Ethereum blockchain.
Dogecoin entered the top 5 cryptocurrencies
Elon Musk’s favorite cryptocurrency, Elon Musk’s favorite cryptocurrency, showed the second largest growth in the top 10 in the last 24 hours, gaining almost 9%. This allows it to enter the top five most important cryptocurrencies. No tweets by Elon Musk about DOGE could be found. On the other hand, we were able to learn yesterday that the online broker eToro, which has 20 million users worldwide, announced yesterday that Dogecoin will be integrated into its trading platform due to urgent customer requests. Dogecoin is also benefiting from the prospect of seeing Elon Musk host the American TV show Saturday Night Live this Saturday, May 8, with some clues to suggest it.
What about other cryptocurrencies?
Finally, with regard to other cryptocurrencies in the top 10, it should be noted that (3rd position) has added 3.83% since yesterday. (4th position) dropped 8%. The seventh position loses 2.48%. And, (8th and 9th positions) fell by 3% and 5.75%, respectively. Finally, the last of the top 10 gained 3.30%.
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