Post-Fed Bitcoin and Ethereum Rally Pauses, SOL Accelerates
Bitcoin price formed a base above the USD 47,200 zone. BTC started a steady recovery wave and climbed above the USD 48,500 zone on the news from the US Federal Reserve. BTC is currently (04:30 UTC) facing a strong resistance near the USD 49,500 zone as the bulls might aim for a break above USD 50,000.
Similarly, most major altcoins are also moving higher. ETH jumped almost 4% and there was a clear move above the USD 4,000 level. XRP managed to climb above the USD 0.820 resistance. ADA gained 3% and there was a move above USD 1.30.Total market capitalization
After forming a base above USD 47,200, bitcoin price started a steady increase. BTC was able to clear the USD 48,500 and USD 49,000 levels. It is now facing resistance near the USD 49,500
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