Altcoins erholen sich auf neue Höchststände, da der Bitcoin-Preis seitwärts unter 50.000 USD notiert

The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 als Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.

Daten von Cointelegraph Markets und TradingView zeigen, dass Bitcoin von einem Tief von abprallte $45,200 spät am Feb.. 24 before rallying 15% zum $52,000 in the morning trading session.

BTC / USDT 4-Stunden-Chart. Quelle: TradingView

While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance above $50,000 and this level has yet to be confirmed as support.

Economists have also begun to worry about the rising Treasury yields, which are usually a signal of weakness for the economy and can have a large impact across many markets.

Catalysts for a $100,000 Bitcoin

Now that Bitcoin has entered a slight corrective phase, analysts are debating whether or not the digital asset will be able to surpass $100,000 bis zum Ende von 2021.

According to Giles Coghlan, Chief Currency Analyst at HYCM, the answer to that question “depends on who you ask,” with crypto advocates feeling “very bullish” that 2021 “will be the year Bitcoin steps into the limelight” while traditionalists remain skeptical about the “risky, unpredictable market.”

Coghlan sees the momentum behind the recent gains being driven by “the general public hype” following pro-crypto tweets from Elon Musk and Mark Cuban, but now the enthusiasm “seems to be waning” as Bitcoin struggles to hold $50,000.

Due to the volatile nature of BTC, it’s “too early to tell if this will be the new baseline support level.”

Coghlan said:

“I wouldn’t be surprised if the price slowly drops back to $40,000 USD in the coming weeks, which seems to be a more realistic level of support. A drop below this is also plausible based on how Bitcoin performed over the course of 2020.”

The analyst sees the acceptance and endorsement of Bitcoin by “large institutional funds and regulatory bodies” as the next big driver of new price highs, which would also end the domination of the crypto market by retail traders and could lead to a “less volatile” market as a result.

Announcements and protocol upgrades boost altcoin prices

Several large and mid-cap altcoins saw their prices breakout on Thursday as recent announcements and new integrations push trading volumes higher.

Tägliche Marktleistung bei Kryptowährungen. Quelle: Coin360

Cardano (ES GIBT) is the best performing coin in the top 10, derzeit auf 10.4% und Handel bei $1.15, while Fantom (FTM) continues to benefit from its recent cross-chain integration with Ethereum (ETH) and is up 31.79% zu einem Preis von $0.7755.

Other notable performers include Enjin (ENJ), which is currently up 34% und Handel bei $0.6221. Polygon (MATIC) has also ncreased by 27.74% and trades at $0.2023.

BTC / USD Tages-Chart. Quelle: Coin360

Die Gesamtmarktkapitalisierung für Kryptowährungen liegt nun bei $1.533 Billionen und die Dominanzrate von Bitcoin beträgt 61.3%.

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Quelle: Cointelegraph

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