Crypto Daily: Bitcoin Breaks Through $50,000; Altcoins Prices Crashed
Yesterday Bitcoin set a new high at $50,689, but sellers quickly brought the price back below $50,000. More importantly, the market reacted weakly because trading volumes fell.
At the same time, the Bitcoin price closed above $49,000 on the daily timeframe yesterday. In previous reviews, we said that this is a bullish signal for Bitcoin, so we continue to expect a breakdown of this level and rise to $54,000.
But for altcoins, the last day was extremely unfortunate, most of them lost about 10% in value. Let’s take a look at some of them.