Bitcoin Struggles, Ethereum Inches Higher, DOGE and SHIB Rally
Bitcoin price attempted an upside break towards the USD 60,000 level. However, BTC failed to gain strength above the USD 58,000 and USD 58,500 levels. It is currently (04:24 UTC) consolidating near USD 57,200.
Besides, most major altcoins are gaining pace. ETH is up almost 3% and there was a break above the USD 4,400 level. XRP managed to reach the USD 1.00 resistance zone. ADA is facing resistance near the USD 1.60 level.
Total market capitalization
After a close above USD 57,000, bitcoin price was able to clear the USD 58,000 level. BTC even broke the USD 58,500 resistance and is currently consolidating below USD 58,000. If there is a fresh move above USD 58,500, the price could rise towards the USD 60,000 level. The next major resistance is
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