Bitcoin Stuck in a Range, Ethereum Rallies, LUNA and STX Outperform
Bitcoin price made another attempt to gain strength above USD 58,500 but failed. BTC is currently (04:22 UTC) trading in a range above USD 57,000. To start a fresh surge, the price must gain momentum above USD 58,500.
Besides, most major altcoins are showing positive signs. ETH is up 7% and there was a break above the USD 4,700 level. XRP is attempting a proper close above the USD 1.00 resistance zone. ADA must clear the USD 1.60 and USD 1.62 levels to start a stronger increase.
Total market capitalization
After another rejection above USD 58,500, bitcoin price corrected lower. BTC tested the USD 56,250 support zone and is currently consolidating near USD 57,300. On the upside, the price is facing resistance near the USD 58,000 level. The next
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