Activity in the cryptocurrency market: Bitcoin continues its rise
Trading at $84,460, Bitcoin has brought its weekly gain to 3.64% while its market capitalization surpassed $1.69 trillion.
Cryptocurrency markets made a positive start to the new week, maintaining their strong outlook, while the leading cryptocurrency Bitcoin continues to find buyers around the $84,460 level.
Bitcoin Continues Its Rise
As cryptocurrency markets entered the week with a positive outlook, the leading digital asset Bitcoin successfully maintained its strong upward trajectory.
Two-Week Gains
Gaining 8.85% in value over the last two weeks, BTC demonstrated that the upward momentum in the markets remains strong. On a weekly basis, it provided investors with a return of 3.64%.
Market Capitalization and Trading Volume
In the market, which remained active over the weekend, approximately $27 billion worth of Bitcoin transactions were executed in the last two days, and total market capitalization exceeded $1.69 trillion.
Support and Resistance Levels
Analysts view the $83,000 level as a critical support threshold and expect the resistance band of $85,000 to $86,000 to be tested if the price stays above this level.