Bitcoin continues to push 25 thousand dollars
The upward momentum in the cryptocurrency markets continues. Bitcoin is testing the $25,000 and Ethereum $1,700 resistance levels.
Bitcoin, which has increased by around 50% since January, continues to push $25,000. The crypto money market, which closed the last week with an increase of over 10% and continued its upward momentum yesterday, started the new day with a limited rise. On the second business day of the week, Bitcoin continues to price around $25,000. $25,000, which we can define as a very critical level, is an important resistance point both technically and psychologically. The upward momentum of Bitcoin on the day when the markets are closed in the USA indicates the desire of the industry to compensate for the losses it has experienced in the past. Ethereum is similarly testing its highest level since September 2022, attempting to break above the $1,700 resistance. The dominance of Bitcoin, the leading cryptocurrency that drives the rise in the crypto money market, where the positive outlook continues, is on the rise today with 44.4%. Ethereum dominance is 19.2%. The total value of the crypto money market, where the money inflow continues, has increased to $ 1.130 trillion. Daily volumes, on the other hand, continue to exceed 60 billion dollars.
Bitcoin continues to push 25 thousand dollars
US markets, which were closed yesterday, will be open on the new day. On the other hand, 0.5% declines in futures indices are striking. However, the macro agenda item that may affect the markets of the week is the FED minutes, which will be announced in the USA tomorrow. The course of the economy, inflation outlook and possible interest messages will be on the market's radar.
