Bitcoin price remained stable above the USD 58,000 level. As a result, BTC staged a steady recovery wave above the USD 60,000 resistance. It is currently (12:00 PM UTC) trading above USD 61,000 and it might attempt an upside break above USD 62,000.
Besides, most major altcoins are recovering losses. ETH gained pace above the USD 4,050 and USD 4,100 levels. XRP is back above USD 1.05, but it could face resistance near USD 1.12. ADA managed to climb above USD 2.00.
Total market capitalization
After a downside break, bitcoin price found support near USD 58,000. BTC formed a base and started a steady recovery wave above USD 60,000. The price was able to climb above USD 60,500 and USD 61,000. It is showing positive signs, with an immediate hurdle
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