Why Is the Crypto Market Up Today?
The Crypto Market Cap (TOTALCAP) and Bitcoin (BTC) broke out above crucial horizontal resistances. BONK broke out from a diagonal resistance.
In the news today:
El Salvador's overall holdings in Bitcoin have actually reached $60 million in earnings after the current cost boost.
A New York regulator bought Gemini to compensate $1.1 billion to Gemini Earn consumers.
TOTALCAP Breaks Through Pivotal Resistance
The cryptocurrency market cap has actually increased substantially in the previous 3 weeks, developing succeeding bullish weekly candlesticks. The boost sped up even more today.
TOTALCAP increased and closed above the 0.618 Fib retracement resistance level of $1.88 trillion, reaching a high of $2.29 trillion today.
If the boost continues, the next resistance is at $2.40 trillion, 6%...