Bitcoin
A$ 80,751
WINkLink
A$ 0.0008376
Ethereum
A$ 5,540.3

Binance Coin Sets New ATH as Crypto Market Cap Inches Away From $2 Trillion (Market Watch)

Bitcoin touched $60,000 once again but is still unable to overcome the coveted price tag decisively. Some altcoins have registered impressive gains, led by Binance Coin’s 15% surge, which led to a new all-time high for the crypto market cap just shy of $2 trillion.

Bitcoin Touched $60K But No Further

The primary cryptocurrency has flirted with the $60,000 price line for a few days now. On March 31st, it came inches away from overcoming it after an impressive leg up, but to no avail.

Just the opposite, the price slumped by $3,000 in a matter of minutes. However, the bulls regained control once more and pumped BTC to just shy of $60,000.

The situation seemed different a few hours ago when bitcoin surged from roughly $58,500 and even surpassed $60,000 briefly. Nevertheless, the cryptocurrency has retraced once again by several hundred dollars and currently sits around $59,500.

The technical indicators place the $60,000 price level as the first major resistance obstacle in bitcoin’s way up. Should the asset finally overcome it decisively, the following ones are $60,760 and the all-time high of $61,780.

In contrast, the support lines at $59,000, $58,355, and $57,545 could contain a potential price drop.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BNB and Crypto Market Cap at ATHs

While bitcoin has stalled beneath a significant milestone, some altcoins were able to break above theirs. Ethereum led the charge and jumped above $2,000 hours ago, as institutional demand towards the second-largest cryptocurrency has surged in recent weeks.

Binance Coin’s performance is even more impressive. BNB has been on a roll lately (15% up in a day and nearly 50% in a week). As a result, the native crypto of the leading digital asset exchange, Binance, reached a new all-time high of just above $350 (according to data from CoinGecko).

The rest of the top ten coins are somewhat stagnant on a 24-hour scale. Cardano, Polkadot, Litecoin, and Chainlink have marked minor gains, while Ripple and Uniswap are slightly down.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

The situation with the lower- and mid-cap altcoins is also quite greenish. Helium leads with a 30% surge, followed by Dent (20%), EOS (14%), BitTorrent (14%), Elrond (12%), Maker (11%), Zcash (11%), Synthetix (11%), and Stellar (10%).

Consequently, the cumulative market capitalization of all crypto assets has surged to a new record as well. The metric came inches away from reaching $2 trillion yesterday but is now down to $1.930 trillion.

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CryptoCurrencyAUDChange 1hChange 24hChange 7d
Bitcoin80,751 0.52 % 3.69 % 5.81 %
Ethereum5,540.3 0.48 % 2.12 % 7.33 %
Binance Coin640.71 0.27 % 1.43 % 1.31 %
Tether1.330 0.05 % 0.03 % 0.03 %
Cardano2.850 0.43 % 1.14 % 1.52 %
Solana268.44 1.02 % 3.93 % 29.17 %
XRP1.490 0.71 % 0.02 % 2.24 %
Polkadot59.05 1.41 % 0.39 % 7.28 %
Dogecoin0.3423 1.00 % 3.06 % 4.47 %
USD Coin1.330 0.14 % 0.14 % 0.37 %

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