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June 27, 2022
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Bitcoin has reached a 12-day high and ETC is heading towards $60.

Bitcoin hit its highest price line in nearly two weeks, with Ethereum Classic skyrocketing by 25% to surpass $60.

After heading north again yesterday hit a new 12-day high of above $36,500, Bitcoin (BTC) retreated slightly and calmed around $34,000 to 35,000. Most altcoins have also had a brief price drop in the past 24 hours, with Ethereum hitting $2,200 and BNB hitting $300. Ethereum Classic, on the other hand, outperformed all higher cap altcoins.

BTC saw a 12D High

After Saturday’s bloodbath in which the BTC plummeted to just over $30,000, the bulls are in charge. As a result, cryptocurrency recovered most of the losses in less than a day and only continued higher.

According reported at CryptoPotato, bitcoin jumped to over $35,000 on Monday and stayed there for a while. However, the asset started another bullish stage in the last 24 hours.

It added over $1,500 of value to about $36,600 (on Bitstamp). This has become its highest price since June 18th.

However, he failed to produce more earnings and fell back over a thousand dollars to just over $35,000. BTC’s market capitalization is still above $650 billion and its dominance is around 46%.

On a more macro scale, the multiple metric Puell flashed a buy signal yesterday, which has historically resulted in massive USD appreciation.

BTCUSD – Source: TradingView

BNB at $300 and ETC up 25%

Most alternative currencies also registered brief spikes yesterday, with the ETH topping $2,200 for the first time in two weeks. However, the second largest cryptocurrency has also declined since then and is currently around $2,150.

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Binance Coin hit $315, but it’s back to $300 as of now. On a 24-hour scale, Cardano, Ripple and Litecoin are slightly green, while Dogecoin, Polkadot and Bitcoin Cash have been fixed.

Ethereum Classic is the most significant gainer of the largest cap altcoins. The ETC increased over 24% in one day and recovered $60. This is the highest price line since about half a month

crypt market
Overview of the cryptocurrency market. Source: Quantify Crypto

More earnings come from UMA (20%), Qtum (18%), Waves (14%), Bitcoin Gold (13%), Telcoin (12%) and Terra (10%).

  • See too: Price analysis: Ethereum, Uniswap and Litecoin – June 29

Although currencies such as Quant, Celo, Bitcoin SV and Kusama all pulled back a bit, the cumulative market capitalization of all cryptographic assets remained above $1.4 trillion.

Source: Crypto Potato

The post Bitcoin has peaked for 12 days and ETC is heading towards $60. appeared first on Webitcoin.

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