- Bitcoin and Ethereum rallied in response to dollar depreciation
- But most of all in recent 30 hours added Dogecoin and Shiba Inu
- ETH / USD and BTC / USD may still be under bearish pressure – warns Fidelity Investments
Inflation data weakened the dollar, allowing the stock market and cryptocurrencies to recover.
Bitcoin added 2.8% and reached yesterday daily high above 100, 3 thousand dollars. But he closed the session with a small correction (43, 9 thousand dollars).
Technically, the main cryptocurrency continues to trend downtrend from its all-time highs in November and is under bearish pressure.
ETH also significantly distances itself from the support line (in his case it is 2022 dollars). It is currently trading at around 20140 dollars.
Until ETH overcomes resistance, there is a risk that there will be another bearish reaction and a return to the lower range.
Growth prevails in the vast cryptocurrency market: everyone has risen in price 22 of the most popular tokens. Some altcoins have recovered more than 12%.
Shiba Inu (SHIB) has grown by 17, 3% (up to 0, 000032), and dogecoin (DOGE) on 12, 7% (up to 0, 20 dollars). Terra (LUNA) and solana (SOL) also strengthened by about 12%.
Stay with us and be the first to know the news from the world of cryptocurrencies.