Recent Trend of Bitcoin and Which Coins Follow Its Spike (Which Coins Rise with Bitcoin’s Sharp Increase)
Recently, the trend of Bitcoin has been getting stronger, showing more independ
Recently, the trend of Bitcoin has been getting stronger, showing more independence compared to other mainstream coins. Looking at the daily MACD, the recent market has shown signs of recovery, while RSI and stochastic indicators have also experienced a significant rise. Starting from February, BTC has been following the market sentiment and rising. From March 19th to mid-April, the price has been consistently fluctuating upwards. Currently, Bitcoin has entered a long-term upward phase. It has maintained this momentum for a month, which gives Bitcoin enough opportunities to break through resistance levels. However, for most investors, it is difficult to escape from this situation in the short term.
Which coins rise alongside Bitcoin’s spike?
Editor’s note: This article is from Xiaonazha’s casual talk (ID: xiaonazha88), authorized for re-posting by Odaily Star Daily.
Recently, the price trend of Bitcoin has been relatively calm. Although the price fluctuates greatly, the market has maintained an upward trend in the past few days. Many positive news have also emerged recently. Around 10 o’clock this morning, Bitcoin broke through the $30,000 mark and reached over $40,000! At the same time, Ethereum has also risen to around $400, with a growth rate of over 10%. Litecoin and Dogecoin have followed the rise one after another! This seems to be a significant wave in the market recently, as the overall heat of the cryptocurrency market is very high these days. Many people are aware of the increasing rise of these coins, so many friends have started to pay attention to some of these projects:
1. Dogecoin: Both DOGE and SHIB have surpassed XRP to become the largest cryptocurrencies in terms of market value.
2. Ripple: Ripple is collaborating with multiple institutions to launch credit products based on its token.
3. Litecoin co-founder Charlie Lee: Litecoin is about to be listed on Coinbase Pro.
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