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BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK

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Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several other altcoins have additionally been rallying laborious up to now few days. This has pushed the Crypto Concern and Greed Index into the intense greed territory the place the vary fluctuates between 79 and 100. Usually, tops are made when the index hits round 95, which exhibits there’s some extra room to run.

PlanB, the creator of the Bitcoin stock-to-flow mannequin, believes that BTC is on course to succeed in $100,000 by Christmas this yr. Ultimately, he believes that BTC worth might be a lot increased than $100,000 earlier than the top of the present halving cycle in 2024.

Day by day cryptocurrency market efficiency. Supply: Coin360

Tuesday marks an essential milestone for Bitcoin as a result of El Salvador has change into the primary sovereign nation on the earth to launch BTC as authorized tender. Though the experiment can have its hiccups, it’s more likely to be carefully monitored by different nations.

Might Bitcoin and altcoins decide up momentum and resume their up-move or will bears once more pull the value beneath key help ranges? Let’s research the charts of the top-10 cryptocurrencies to seek out out.