Bitcoin and Ethereum Show Bullish Signs, Altcoins Rally
Bitcoin price gained pace for a move above the USD 50,000 level and even surpassed the USD 50,500 level. It is currently (11:30 UTC) showing positive signs. An upside break above USD 51,200 could spark a fresh rally in the near term.
Similarly, most major altcoins are slowly gaining momentum. ETH is stable above USD 4,000 and could gain pace above USD 4,120. XRP might rally if there is a move above the USD 1.00 resistance. ADA is consolidating near the USD 1.45 level.
Total market capitalization
After a close above USD 50,000, bitcoin price extended increase. BTC even broke the USD 51,200 level and spiked to USD 51,500. Recently, there was a minor downside correction below the USD 51,000 level. However, the bulls are active near the USD 50,500
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