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End of cryptozymes. Bitcoin is trying to gain a foothold above $ 5,000

Over $1.5B Longs Liquidated Amidst Federal Reserve Chair Bitcoin Volatility Warning

Yesterday's bitcoin jump to the dollar and today's continuation of attempts to consolidate above the $ 5,000 mark that BTC broke through today at 6:00 am Moscow time, analysts already called the “end of cryptozymes”. However, despite almost 10% daily growth, it has not yet been possible to consolidate above the psychological mark.

As of 8:15 Moscow time, the weighted average BTC rate was $ 4,918, and the capitalization of the cryptocurrency market jumped $ 8 billion to $ 171 billion.

According to the Director General of the consulting company deVere Group Nigel Green, the bears finally lost control of the market. This proves the fact that the cryptozyme phase is complete.

However, experts draw attention to the fact that Bitcoin growth occurred during the "Asian" session, so investors, most likely, should be looked for somewhere in that region. Recent events on the market show that Bitcoin has stood the test of time. It still remains an interesting asset, and not ephemeral, but quite self-convertible, says Vladimir Smerkis, co-founder of TokenBox crypto-funds platform.

Following Bitcoin, the entire TOP-10 cryptocurrency grows in terms of capitalization. At the same time, Bitcoin Cash (BCH) over the past 24 hours went up by an incredible 42.5%, the Litecoin (LTC) rate rose by 23.5%, and Cardano (ADA) – by 18%.


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