Does the rise continue on Bitcoin? – The SEC in 10 days to define a clear compliance charter for crypto companies. Indeed, the names of the Coinbase lawsuits are not enough to have an answer, it is justice that takes over. For its part, the price of Bitcoin climbs and returns above $29,000.
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Bitcoin price drops 1.5% in 24 hours
The price of Bitcoin is in the green, it is in 1.5% increase in 24 hours:
Bitcoin is in good shape, the price climbs 1.3% in 1 hour. Despite this increase, the price continues to stagnate after seven days. Surprisingly, the course of the BTC/ETH pair slipped by 1.3% in 24 hours. This indicates whatEthereum squeezes harder than Bitcoin, and it’s pretty rare lately. The couple is in 2% discount after September days. Ethereum and altcoins will they finally be able to express themselves?
Bitcoin remains a drop in the ocean of financial markets
It is sometimes said that the Bitcoin is the king of cryptocurrencies. Rightly so, because it is the first capitalization of the cryptocurrency market ahead of Ethereum. The capitalization of Bitcoin revolves around 500 billion dollarseither a capitalization twice as high as that of Ethereum. However, in the world of financial assets, the situation is different:
Bitcoin is a young active, it seems quite normal not to measure up against assets like Apple, Microsoft or against gold. The capitalization of gold is more than twenty times higher than that of Bitcoinand Google a capitalization oftwo times greater than that of Bitcoin.
Nonetheless, it is interesting to note that Bitcoin has a higher capitalization plus VISA cell ($483 billion) and MasterCard cell ($363 billion) according to data from Companiesmarketcap.com. Bitcoin has been steadily rising since its inception, is it possible that it will ever reach the capitalization of gold? In any case, you will have to be patient…
Bitcoin Price Must Close Above $29,530 in 4H
After the beginning of May, the price of Bitcoin returned to the trend with lows and rising highs in 4H. A fence beyond $29,530 usable to continue on the dynamic:
Bitcoin is in the process of bouncing back at institutional biasis (EMA 9/EMA 18) Bullish. You support at $28,500 Hold on, buyers defended this important level. Now we have to tackle the resistance at $30,500.
The RSI continues to display together dynamic bullish beyond the bearish trend. Buyers have their hands on the momentum.
Bitcoin is the king of cryptocurrencies, but the rest is the king of financial assets in terms of market capitalization. However, Bitcoin can be targeted with a higher capitalization than the two digital payment giants: Visa and Mastercard. The price regained color and climbed 1.5% in 24 hours, buyers will have to push to try to break the resistance at $30,500.
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