Although the cryptocurrency market has been stagnant in recent days and prices have not changed much, Bitcoin (BTC) started the day with an increase of 7.3 percent with the US inflation data coming in below expectations. Cryptocurrency market cap has increased by 7.4 percent in the last 24 hours and reached $1.16 trillion. So what’s the latest on Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA)?
The US Consumer Price Index (CPI), announced at 15.30 Turkish time, had a positive impact on the market. While the annual expectation in CPI was 8.7 percent, the data was announced as 8.5.
Bitcoin (BTC) Son Durum
Bitcoin (BTC) started today with a 7.3 percent rise. The effect of the US CPI data on the markets seems to have indirectly affected the crypto markets as well. For this reason, we see that instant purchases and money inflows are increasing in the markets. Bitcoin is above the $23,000 resistance and continues its upward move.
We seem to have surpassed the $23,000 resistance at the moment in Bitcoin, but it would be healthy for it to receive a reaction and continue with a minor correction to confirm this. Bitcoin is trading at $24,559 as it continues on its way.
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Ethereum (ETH) Son Durum
Ethereum (ETH) continues to follow the same path as Bitcoin. Ethereum started the day with 12.4 gains. Ethereum is among the highest risers of the day.
Ethereum, like Bitcoin, has surpassed the lower support of $ 1.7 thousand, and the main resistance in front of it is at the level of $ 2 thousand. ETH, which broke the upper resistance of the $ 1500 band compared to yesterday, continues on its way very quickly. As of now, while continuing its movement, Etheruem is trading at $ 1891.
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Cardano (ADA) Latest Status
Cardano, the 6th coin with the highest volume in the market, has started the day by rising just like Bitcoin and Ethereum. Cardano started the day with a 6.7 percent rise. Cardano is trying to push itself above 0.5 resistance. ADA is currently testing the 0.54 band, which is an upper resistance and we can see on the chart. Have tried this place many times before but failed. If it breaks here, the long-term target in front of it could be $0.6.
Cardano has also risen, influenced by the increasing volume in the market. Cardano is currently trading at $0.54.
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