Bitcoin Returns Beyond $9k as Major Cryptocurrencies Bullish Momentum Recovers

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The market capitalization of the market grew by 4.45 percent to 260.718 billion, and trading volume over the past 24 hours amounted to 46.932 billion, an increase of 20.5 percent compared with yesterday’s record of 38.95 billion. The dominance of Bitcoin has not altered much and amounts to 63.69% at the time of this writing.

BTC is currently making a morning star candle and is again trying to challenge the $9,200 level, so we anticipate even more growth on the BTC. A breakthrough of resistance at $9,200 will lead to a level of $9,500.

Ethereum is at present breaching the $235 resistance level and appears to be moving up and attacking the next $248 resistance level. The price is posting higher highs, although it has to overcome the MA 200, staying as a resistance. The pair is presently trading at 2% gains daily amid near-term bullish momentum.

In the past few hours, Chainlink has proceeded in the range, rallying between $4.60 and $4.88. The price is quite beyond the key MA of 50 and 200, as well as all the levels indicate a positive slope; Thus, the uptrend is positive, and LINK is wholly on a path of extension.

Professor Steve Hanke of Johns Hopkins University came out with another dystopian prediction about Bitcoin. He said in a recent tweet that Bitcoin should be avoided at all costs because the North Korean dictator uses it to fund his nuclear ambitions.

Different week, some other scam on #Bitcoin. Aside from being incredibly unpredictable and unreliable, this highly questionable “asset” is now helping to finance the #North Korea nuclear initiative. Stop the plague-like it is.

Image Credits: COIN 360, Shutterstock

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