Over the past 24 hours, most cryptocurrencies have managed to recover somewhat from the previous choppy price action. This restored the total market value to the required level of US$1 trillion. The Celsius network’s CEL token appears to be the main external element.
Bitcoin Flat to $20 thousand
The past 24 hours have been relatively calm for Bitcoin. The cryptocurrency has regained the important level of $20,000, albeit not convincingly. At the time of writing, it is trading around $20,100 (on Binance).
However, it is worth noting that BTC fell to $19,500. This level appears to provide serious support as the cryptocurrency has fallen against it on a few occasions, preventing further selling each time.
The entire day saw liquidations worth $23 million across the entire Bitcoin market.
Cut Altcoins, CEL Soars
Among the top 100 coins by total market capitalization, CEL appears to be the most obvious external factor. The cryptocurrency is up 28% in the past 24 hours in a relatively flat market.
Most altcoins are charting small gains, recovering from the previous choppy bearish price action and targeting some key levels again. ETH is eyeing $1.6000 after gaining 3.2% in the past day. ATOM prices are up 8%, while other major coins such as XRP, ADA, SOL, DOT and ETC are also up.
This once again raised the total market capitalization to over $1 trillion. It has also helped to improve the general feeling.
Bitcoin Sideways Posted on $20K Continues As Celsius Network (CEL) Skyrockets 28%: Market Watch debuted on CryptoPotato.