Bitcoin Holds $20K While ENS Soars 11% Daily: Market Watch

Bitcoin holds $20k on a calm day, and Ethereum Name Service does well (ENS).

In the past 24 hours, Bitcoin’s price has stayed above $20,000 and fought off attempts by bears to push it back below the desired level.

At the same time, the altcoin scene is also pretty quiet. XRP is getting closer to $0.5 and is doing the best out of the top altcoins in terms of total market capitalization.

Read More : Bitcoin should now return to its long-term downward trend.

BTC Retains $20K and Accumulates Above

Bitcoin Holds $20K, up about 0.6% in the previous day as of the time of this writing. The next day’s close over the critical $20K threshold is what has to be noted.

Also, the bears tried to push the price below it, and they got it as low as $19,730 on Binance. However, the bulls were determined to defend, and the chart below shows that they were successful.

If the price of the cryptocurrency is going to go up, it’s very important that it stays above $20,000.

XRP is still doing very well. In the last 24 hours, it gained another 3% and is getting close to $0.50. This is a big problem for the cryptocurrency, and if it can get past it, it could make it easier to reach higher levels.

At the same time, the ENS token for Ethereum Name Service went up by about 11% today. It is also one of the best performers, along with EVMOS. Yesterday, it’s interesting that EVMOS did the worst of all the cryptocurrencies. This is shown by the fact that, even though it went up 11%, it went down 10% in the last week.

In any case, the general feeling on the cryptocurrency market is still one of fear, though it has gotten a little better since yesterday and last week.

Want to Know About Bitcoin:en.wikipedia.org