Crypto asset markets are in the green again today with Bitcoin leading the pack as it breaks resistance, bringing in hope for halving rally.
Over the past 24 hours, another US$12 billion [AU$18.8 billion] has entered digital asset markets taking total capitalization up to $216 billion. Bitcoin is leading the way today as it breaks resistance at $7,400 and prints a new monthly high of $7,750 according to TradingView.
This is the highest level it has been at since the mid-March crash, making an almost complete recovery from that dump.
BTC is now trading above the 50-day moving average and is closing in on resistance at the 200-day moving average just above current levels.
Analysts are now leaning bullish again with the halving just 18 days away.
$MATIC. Appears to be breaking the wedge and the daily supertrend is finally bullish. pic.twitter.com/V4Z8YGA6fp
— IncomeSharks (@IncomeSharks) April 23, 2020
Green is dominating the crypto markets today with Ethereum also performing well, adding a couple of percentages to reach a monthly high of $190.
Today’s top two performing altcoins are Stellar and Cardano with both in double figures, while Tezos has again made good gains with a further nine percent on the day.
Markets have finally broken their monthly resistance levels and further gains are looking likely.
Featured image courtesy of Alexas_Fotos / Pixabay
