On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 niveau, a move that prompted many traders on crypto Twitter to call for the top-ranked digital asset to knock down the psychological resistance at $50,000.

Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range with an upper limit near $48,200 for several days, bulls managed to break higher and climb to an intraday high at $49,242, capping a 20% rally since trading at a low of $40,890 op sept. 29.

BTC / USDT 4-uurs grafiek. Bron: TradingView

The weekend gains for Bitcoin come following a rollercoaster week that began with the markets struggling for momentum after a renewed regulatory crackdowns in China weighed on the market’s sentiment. By the end of the week, some positive news came from Federal Reserve chair Jerome Powell who confirmed that the Fed has no intention of banning cryptocurrencies.

Verwant: Op futures gebaseerde Bitcoin ETF heeft '75% kans op goedkeuring'’ in oktober — analist

The bullish move from BTC rippled across the markets and helped lift altcoin prices, with multiple coins in the top-200 realizing double-digit gains.

Dagelijkse marktprestaties van cryptocurrency. Bron: Coin360

Terra (LUNA) saw its price breakout ahead of the rest of the market and climbed 23.34% vanaf zijn dieptepunt $37.52 op oktober. 2 to reach a new all-time high at $46.09 in the early morning hours on Oct. 3. Secret Network (SCRT) also rallied to gain 20.3% and hit a daily high at $3.07.

Other notable increases include a 13% gain for Shiba Inu (SHIB) and a12.4% surge in Tezos (XTX) en Axie Infinity (AXS) prijs.

De totale marktkapitalisatie van cryptocurrency staat nu op $2.161 biljoen en de dominantie van Bitcoin is 41.4%.

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