Bitcoin and most altcoins went on the offensive today with impressive gains. Terra’s deteriorating LUNA token is up by double digits.
Following the relatively calm weekend, bitcoin finally initiated an impressive leg up and jumped above $30,000. Most altcoins are also well in the green, with ETH standing north of $2,000 and BNB charting a new two-week high.The past seven days were substantially less volatile than the previous week, in which BTC dumped by $15,000 at one point.
The most significant leg up came on May 16 when BTC spiked to above $31,000 but was quickly stopped in its tracks and retraced by over $2,000 in hours. This scenario repeated a few more times, with the latest one on Friday – after that rejection, bitcoin slumped below $29,000. The cryptocurrency spent the weekendHowever, this happened late last night when BTC went on the offensive and jumped to an intraday high of over $30,500. As such, its market capitalization has increased to about $580 billion.This is all you need not to miss any price action in the raging crypto markets.
If Bitcoin can hold $30,500, the next level I'd like to see it hold is $31,500. If it holds that it could go to either $32,000 or $33,000 Let’s keep following btcblab for her vision,tweet, tips and predictions & making bitcoin more practical she’s a supper underrated bitcoiner