Bitcoin Challenges The $12K Level As Binance Coin Jumped By 9%

Bitcoin challenges the $12,000 level while Ethereum doesn’t show signs of slowing down after the increase above $440. In the meantime, Binance Coin jumped by 9% so let’s find out more in the latest Bitcoin news today.

Bitcoin challenges the $12,000 level but to no avail so far while Ethereum continues climbing towards $440. The macrodata confirms the ongoing bull trend as most of the top 100 digital assets have been in the green over the past three months. About three days ago, the main cryptocurrency was in a jam as it retraced to $11,000 and it started losing its dominance over the market but the bulls regained the possessions and boosted Bitcoin upwards. The attempt seemed solid and BTC came knocking on the $12,000 door. Over the long bull run, the asset saw three failed attempts to overcome the particular psychological level.

Bitcoin managed to climb above the $12,000 level shortly before being rejected. This time the price increase stopped beneath the $12,000 mark and retraced to about $11,900 as of the time of writing. In case BTC hits $12,000 resistance, it will have to battle the $12,100 and $12,400 to move upwards. If the price crashes, the asset will find support at $11,400 and $11,100. During the past 24-hours, the altcoins separated into two camps: green and red.

The retracting ones from the top 20 include Monero, Tezos, cosmos, Cardano, and Chainlink, LINK even painted a few all-time highs but then dropped to $16. From the lower-cap altcoins, some of the most substantial losses were evident for Swipe as it dropped by 17%, Aragon by 16%, Balancer by 14%, Algorand by 11%, Ampleforth by 11% and Ocean Protocol by 10%. On the other hand, Ethereum continued to head to a 2-year high of $440 after another 3% increase. Litecoin gained about 1% of value while Binance Coin and EOS were among the most impressive gainers from the top 20. BNB jumped by 9% to about $24 while EOS is 6.5% up.

The most impressive gainers were also Synthetix Network, Quant, Status, and THORchain. Aave also increased by 10%. Looking at the charts, the data from Santiment shows that 90% of all cryptocurrencies are in the green over the past three days and the percentage increases to 95% when looking over the performances of the past month.