Bitcoin bulls fight for $ 21,000, Nexo explodes by 12 % daily (Market Watch)

Bitcoin bulls fight for $ 21,000, Nexo explodes by 12 % daily (Market Watch)

Bitcoin continues to act in a narrow range of around $ 21,000 after yesterday's increased volatility, with the asset being only a few centimeters away from this line.

Most old coins are slightly in the green today, with XMR and Apecoin being the best performers under the large caps. After the recent agreement between the crypto loan and the US authorities, Nexo rose in two ways from the low-cap alternatives.

Bitcoin challenges $ 21,000

The year 2023 of Bitcoin started positively after the violent year 2022, and the cryptocurrency finally recaptured $ 17,000 after fighting under this level for weeks.

This turned out to be the breakout moment that the asset needed because it got rolling in the next few days. This led to an increase over $ 21,000 for the first time in about two months.

After a relatively quiet remaining weekend, BTC went on the offensive again at the start of the working week. This resulted in $ 21,600 to reach the highest price since September.

The bears intercepted the movement and pressed Bitcoin south by several hundred dollars. Since then, BTC has not been able to significantly overcome the $ 21,000 mark and is currently only a few centimeters away. Nevertheless, there are now several on-chain signs that indicate the beginning of a new bull market.

The market capitalization of BTC has remained over $ 400 billion, and its dominance compared to the Alts is 41.4 %.

BTCUSD. Tradingview

nexo pumps hard

One of the largest lenders for cryptocurrencies - Nexo - who has been in the news a lot recently, has reached an agreement with the SEC and NASAA and agreed to pay $ 45 million of fines for the violation of local securities laws. Interestingly, this had a positive effect on the price of the native token, which has risen by 12 % in the past 24 hours.

XMR, Hbar and Ape are the next in relation to the daily profits, all of which have added up to 7.5 %.

The large cap-alcohols are calmer, but most are still in the green. Ethereum returned to $ 1,550 after a daily increase. RippleCardano, polygon, OKB, Polkadot, Shiba Inu, Litecoin and Tron have increased by 1-3 %.

Binance Coindas recently ran through his 22nd planned token burn, one of the few alts in the red.

The cumulative market capitalization of all crypto-assets has increased $ 10 billion daily and is up to $ 975 billion at CMC.

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