BTC Price Nears $100K for the First Time Since February, ETH Taps Monthly Peak (Market Watch)

Bitcoin's positive price performance, perhaps due to the aforementioned trade negotiations, continues in force while the asset has typed a greater month of just under $ 100,000.

Altcoins have also displayed notable gains, ETH exceeding $ 1,900 for the first time in more than a month.

BTC targets $ 100,000

It looked almost like a distant dream a month ago when the Bitcoin price dropped hard at less than $ 75,000 in the middle of the growing tension between the United States and the rest of the world. As the situation improved, or at least for countries other than China, the BTC began an impressive recovery which resulted in an addition of $ 20,000 in a few weeks.

The cryptocurrency was faced with a certain resistance at that time and could not continue for a while. He was arrested at $ 98,000 last week and pushed the south at less than $ 94,000 only two days ago.

However, he rebounded and recovered the support of $ 96,000, which has now turned into resistance. Although the Fed refused to lower interest rates, the BTC price has continued to climb in the last 24 hours, perhaps due to a promising declaration of the potus concerning the situation of the trade war and future discussions.

Bitcoin is currently a few centimeters of $ 100,000, a level that we do not see in three months. Its market capitalization has climbed to 1.980 dollars, while its domination over the alts has taken a hit and is less than 62% on CG now.

ETH exceeded $ 1.9,000

Ethereum has finally exceeded a significant resistance located at $ 1,850 and is now negotiated at a monthly summit of more than $ 1,900. Although ETH had trouble against BTC and the greenback during the last half year, you can check the opinion of Chatgpt on the question of whether in can outperform its biggest brother this year – here.

XRP, Sol, ADA, TRX, AVAX and XLM traced earnings of approximately 2 to 4%, while DOGE, LINK ET SU has increased up to 7.5%. BCH and PEPE are the best winners, with two -digit price increases of 11% and 12.5%, respectively.

The total market capitalization of cryptography jumped almost $ 100 billion in one day and represents up to 3.2 dollars on CG.