Credit: Original article published by CryptoPotato.

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

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.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency



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