Bitcoin Jumps Above USD 65K, Ethereum Gains Momentum, XRP Rallies

  • Bitcoin price is up 5% and broke the USD 65,000 resistance.
  • Ethereum traded to a new all-time high above USD 4,700, XRP rallied over 10%.
  • LRC and KCS are up over 16%.

Bitcoin price formed a base above the USD 62,500 level. BTC started a fresh increase above the USD 64,000 and USD 65,000 resistance levels. It is currently (04:37 UTC) consolidating gains and it could extend its rally above USD 65,500.

Besides, most major altcoins are also gaining momentum. ETH broke the USD 4,700 level and traded to a new all-time high. XRP is up over 10% and it spiked above the USD 1.26 level. ADA is consolidating above the USD 2.00 level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After testing a major support, bitcoin price started a fresh increase above the USD 63,500 resistance. BTC broke the USD 64,000 and USD 65,000 resistance levels. It even spiked above USD 65,500 before starting a consolidation phase. On the downside, an initial support is near the USD 64,500 level. The next key support is near the USD 64,000 level, below which the price might extend losses towards the weekly support at USD 63,500.

An immediate resistance is near the USD 65,500 level. The next key resistance is near USD 66,000, above which the price might rise towards the USD 68,000 level.

Ethereum price

Ethereum price also followed bitcoin and surpassed the USD 4,500 resistance level. ETH even broke the USD 4,700 level and traded to a new all-time high. It is now consolidating gains, with an initial support near the USD 4,650 level. The next key support is near USD 4,600 below which the price might test USD 4,500.

On the upside, an immediate hurdle is near the USD 4,750 level. A clear break above USD 4,750 might even push the price towards the USD 4,920 level in the near term.

ADA, BNB, SOL, SHIB, and XRP price

Cardano (ADA) regained strength for a move above the USD 2.00 level. It is now facing resistance near the USD 2.05 level. The first major barrier is near USD 2.12, above which the price could rise towards the USD 2.25 level.

Binance coin (BNB) extended its rally above the USD 600 level. It even spiked above USD 650 and is currently consolidating gains. An immediate support is near USD 625, below which the price could decline towards the USD 600 weekly support.

Solana (SOL) is consolidating near the USD 250 resistance. SOL could start a fresh increase if there is a close above USD 250. The next stop for the bulls is near the USD 275 level.

SHIB spiked below the USD 0.0000500 level. The price is recovering and trading above the USD 0.000052 support level. The next key resistance is near the USD 0.000055 level, above which the bulls could test the USD 0.000060 level.

XRP price outperformed with a strong move above the USD 1.25 level. It even spiked above USD 1.262 before correcting lower. If the bulls remain in action, the price could rise towards the USD 1.28 level.

Other altcoins market today

Many altcoins are up over 8%, including LRC, KCS, STX, HNT, OKB, KSM, BTG, ICP, HBAR, AVAX, and YFI. Out of these, LRC gained almost 23% and it broke the USD 1.55 level, before moving lower. Meanwhile, ENJ and OMG are down by 6%-7%.

Overall, bitcoin price is consolidating near the USD 65,000 support level. If BTC starts a fresh increase, it could clear the USD 66,000 resistance.