Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero

cryptonews.com:

Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.

USDT regained its peg after losing it yesterday. (Learn more: Market Panic Puts Tether Peg Under Pressure; Two Clues for When Bitcoin Downturn Might End)

Similarly, most major altcoins are showing signs of a recovery wave. ETH is back above the USD 2,000 resistance zone. XRP is consolidating above the USD 0.40 level. ADA climbed above USD 0.50.

Total market capitalization

After a sharp decline, bitcoin price found support above the USD 25,000 zone. As BTC broke the USD 29,000 level and is now above the key USD 30,000 resistance zone, the next key resistance is now forming near the USD 31,200 level. 

If there is another decline, the price might find support near USD 28,800. The next major support is near the USD 27,500 level, below which the price could dive again.

Ethereum price also started a decent upside correction above the USD 1,880 level. ETH was able to settle above the USD 2,000 level. It is now showing positive signs, with an immediate resistance at USD 2,120. The next major resistance is now forming near USD 2,200. ETH is up over 3% in a day and down 24% in a week. 

On the downside, an initial support is near the USD 2,000 level. The next major support is near the USD 1,880 level, below which the price might start a fresh decline.

Cardano (ADA) spiked to the USD 0.40 level before it started an upside correction. The price is back above the USD 0.50 and might rise further towards the USD 0.55 level in the near term.

BNB gained a strong bullish momentum from the USD 200 zone. It climbed 18% in a