The price of bitcoin has shown significant bullish momentum over the past 24-30 hours, leading to a massive rally for many altcoins. This development should continue after a slight decline. Therefore, investors who missed this rally should exercise caution before entering the market late and heading in the wrong direction.
Litecoin price not going anywhere as traders try to re-evaluate their next move
Litecoin (LTC) price shows that traders are trying to figure out what happened on Tuesday when they managed to break through the impenetrable wall they cemented at $65.08. Unfortunately, after the breakout, the bears quickly rushed to lower prices, making it a very costly trap for traders with a maximum loss of 13% for traders who entered above $65 and waited until the end of the day to unload. they went long.
Ethereum Price Rises To $1,500 As CFTC Chairman Says BTC And ETH Are Commodities
For the first time in weeks, the cryptocurrency market performed well, increasing its market capitalization by more than $40 billion in 24 hours. Many cryptocurrencies have joined the rally led by coin king Bitcoin and altcoin king Ethereum. Although, along with positive market movements, both assets also noted a bullish response to interesting news.