Bullish optimism is on the rise in the cryptocurrency market on September 23, as prices continue to recover from this week’s volatility, a result of regulatory pressure on the crypto industry, from the meeting of the FOMC on interest rate hikes and Fed monetary policy, as well as fears that Evergrande’s situation spill over into global financial markets.
Data from TBEN Markets Pro and TradingView shows that after trading in a range between $ 43,000 and $ 44,300 during the first hours of trading on Thursday, the price of BTC surpassed $ 44,800 in the early post- noon and is now aiming to flip the $ 45,000 resistance level into support.
The timing of the BTC price hike closely matches Twitter’s announcement that users will now be able to tip other users with cryptocurrencies like Bitcoin through integration with Strike, a built-in payment app. on the Lightning network which enables low cost Bitcoin transactions.
BREAKDOWN: Twitter is launching Bitcoin Lightning Network Failover feature on iOS.
– Pump (@APompliano) September 23, 2021
This development came as momentum in the cryptocurrency ecosystem was already on the rise, with the top altcoin Ether (ETH) falling above $ 3,100. The data also shows that the balance of ether held in reserves on major cryptocurrency exchanges has reached an all-time high.
Altcoins bounce back completely
The altcoin market is running at full speed as competition in the first layer arena intensifies with projects like Terra (LUNA), Avalanche (AVAX) and Cosmos (ATOM) making price gains and attracting new users through lower costs. faster transactions and processing times.
Celer (CELR) is the best 24-hour winner after seeing its price jump 52% to a new all-time high at $ 0.14, while Celo (CELO) gained 24% and is trading at 7, $ 80.
Other notable performances include a 23% gain for COTI, a 21% gain for Tezos (XTZ) and a 20% rally for Origin Trail (TRAC).
The overall cryptocurrency market cap is now $ 1.999 trillion and Bitcoin’s dominance rate is 42%.
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