Bitcoin and Ethereum find support and rise sharply, cardano price breaks out and sets new record! » Crypto Insiders

The cryptocurrency market has grown significantly again last night. The two largest cryptos on the market have been looking for support for almost a week and seem to have finally found it. Nearly all prices today are 5% or more in the plus. The increase is accompanied by a significant drop in copper, iron and steel prices as China cuts steel production to reduce CO2 emissions. A new announcement from Coinbase may also give prices a boost, but more about that later on Crypto Insiders. The total market cap of crypto reaches $2.1 trillion this morning.

Bitcoin (BTC)

Bitcoin (BTC) has been searching for a new bottom for the past few days and was finally able to hold out above USD 44,000. Yesterday afternoon, bitcoin started to rise again, initially encountering resistance around USD 46,000, but then immediately shot through. The BTC price peaked at $47,380 last night, then corrected slightly lower and has since hovered around $47,000. Bitcoin is therefore almost 7% in the plus since yesterday afternoon and we may see another test of the infamous $50,000 this weekend. However, the volume is currently low, so that a correction down is also possible first.

Year end rally? Options based probability of #bitcoin ending the year > $100k is just above 6% pic.twitter.com/vF5guP0QeP

— skew (@skewdotcom) August 19, 2021

altcoins

Ethereum (ETH) held up around USD 3,000 and followed bitcoin up yesterday. The ether price first encountered resistance near $3,050, then again around $3,130, but broke through each time. Ether eventually peaked at USD 3,240 and has since hovered around USD 3,210. This means that ether is up 7% today, but we do not see any increase in the volume of ether at all.

Cardano (ADA) steals the show again today. The ADA price held around $2.10 yesterday and started to rise sharply around the same time as the above two cryptos. ADA first encountered significant resistance around USD 2.30, then again around USD 2.40, but continued to break through. Finally, ADA even reached a new one this morning all time high (ATH) at $2.54 after rising as much as 21%. At the time of writing, ADA is falling slightly again and the price is back below $2.50. Trading volume is on the rise and should ADA find support soon, further gains may be on the way this weekend.

Of the top 10 largest crypto, binance coin (BNB) is now 7% in the plus and ripple (XRP) and polkadot (DOT) even 10.5%. Only solana (SOL) is lagging today, but it already had a massive rally earlier this week. The only prices that are deep red today are terra (LUNA) and audius (AUDIO), but both prices also rose sharply earlier this week. Furthermore, vechain (VET) is 11% in the plus, polygon (MATIC) and ftx (FTT) 12%, safemoon (SAFEMOON) and helium (HNT) 14% and finally the graph (GRT) is the fastest riser on the market today. market and is almost 20% in the plus.