Bitcoin price remained well bid above the USD 55,000 level. BTC started a fresh increase and traded above the USD 57,000 level before correcting lower. It is currently (11:54 UTC) rising and it might revisit USD 57,000 again.
Besides, most major altcoins are also moving higher. ETH could attempt a fresh increase above the USD 4,700 level. XRP might gain traction if there is a clear break above USD 1.00. ADA is outperforming and there could be more gains above USD 1.68.
Total market capitalization
After forming a base above USD 55,500, bitcoin price started a recovery wave. BTC climbed above the USD 56,000 and USD 56,500 levels. The price is now rising and it might revisit the USD 57,800 level. On the upside, the price is facing resistance
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