Bitcoin is rising again today—but so is nearly every cryptocurrency near the top of the pile. Crypto tokens kicked off the day basking in the green glow of optimism with bullish candlesticks all over the place.

Apart from Maker (MKR) and the usual band of stablecoins, which are designed to be immune to such volatility, all of the tokens in the top 100 enjoyed a buoyant uplift. This optimistic tide marked a stark contrast to yesterday’s bearish undercurrents that saw the market caps of many tokens take a dip.

Bitcoin, the original cryptocurrency and often regarded as the market’s bellwether, has marked a significant rally. The currency opened the trading day at $39,929 and rode a wave of bullish trading to a high of $42,159 at the time of publication.

The candlestick is still forming and has not major shadow in the upper part—meaning that the actual price is the highest of the day. This surge not only eclipsed the day’s lows, but also sent a strong signal that investors might be regaining their confidence after the previous day’s slump.

This spike cancels a major dip that started four days ago, which took the coin below the psychological support of $40,000,

Go to Source to See Full Article
Author: Jose Antonio Lanz

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details