Bitcoin (BTC) broke above less than 1% on a fresh all-time high (ATH). BTC hit around $108,000 today on stronger market demand and bullish pressure. The break above came after a roller-coaster action with Bitcoin trapped between $102,500 and $107,000.
Bitcoin’s market capitalization has hit an all-time high of $2.12 trillion, highest in the crypto space. The cryptocurrency is in control of altcoins by approximately 61%.
Mantra’s Price Hike
Elsewhere in trading activity, Mantra (OM) has again risen in flamboyant manner, more than 10% over the past 24 hours. This was after a build-up in volume rose more than 500%. The boom came after the coin listed on Upbit, South Korea’s largest exchange, and precipitated higher investor interest.
Mantra had a price range between a minimum of $0.42 and a maximum of $0.49, a breakout. The short-term resistance of the short-term ranges from $0.60 to $0.70.
Market Overview Following Bitcoin ATH surge
The global crypto market increased by over $50 billion within a day and is now valued at approximately $3.48 trillion. The remaining altcoins also went green with Ethereum (ETH) being at the $2,500 level and Cardano (ADA) up by 2.5%.
The current trend and price action of Bitcoin indicate that the cryptocurrency is moving towards a new ATH. Experts caution, however, that sustainability is the recipe for such prices.
As there is enormous volatility in Bitcoin along with other altcoins such as Mantra, the world of cryptocurrency has more in store for it. Traders must be extremely cautious since market conditions continue to change.
