Bitcoin, Ethereum Move Higher, XLM, AXS Keep Rallying

By Linas Kmieliauskas

• Bitcoin price is moving towards the USD 33,000 zone.

• Ethereum gained pace above USD 2,000 while XRP broke the USD 0.60 level.

• XLM and AXS keep rallying in double digits.

After accelerating above the USD 32,000 level, BTC is now getting closer to USD 33,000, erasing its all weekly losses.

It is, however, outperformed by ETH and multiple altcoins, as, for now, bulls are seemingly feeling more comfortable than in the beginning of this week.

Total market capitalization

Bitcoin price

Possibly boosted by the B Word event on Wednesday, bitcoin price extended its recovery. BTC broke the USD 32,500 level and is now (04:45 UTC) trading above USD 32,700. The price is up by almost 2% in a day, increasing its weekly gains to 3%.

Ethereum price

At the same time ethereum price is still showing positive signs above the USD 2,000 level as it is getting closer to USD 2,100, where it was almost two weeks ago. ETH is now up by almost 4% in a day and 9% in a week.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) touched the USD 1.20 level which might open the doors for further gains. The price is still down by 2% in a week after gaining also 2% in the past 24 hours.

Meanwhile, litecoin (LTC) surpassed the USD 120 resistance zone and is also trimming its weekly losses. LTC moved by almost 3% in a day, while it dropped more than 3% in a week.

Dogecoin (DOGE) is still consolidating below the USD 0.200 resistance zone and is almost unchanged in a day. If the price settles above USD 0.200, the price could continue to rise. In either case, it‘s one of the best performing major coins in the past week, as it’s up by almost 6%.

XRP price broke the main resistance of USD 0.600, which might help it to accelerate higher towards the USD 0.620 level. XRP erased all its weekly losses and is now up by almost 5% in a day.

Other altcoins market today

Multiple altcoins gained over 5%, including UNI, DOT, COMP, ETC, and XTZ, while WAVES, SUSHI, TEL, XLM, and AXS are rallying in double digits. AXS is the best performing cryptoasset among the top 100 coins today again, as it jumped by 22% in a day and is trading near the USD 30 level. Meanwhile, RUNE and OMI are down over 10%.

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