BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK

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Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several other altcoins have additionally been rallying onerous up to now few days. This has pushed the Crypto Worry and Greed Index into the acute greed territory the place the vary fluctuates between 79 and 100. Usually, tops are made when the index hits round 95, which reveals there may be some extra room to run.

PlanB, the creator of the Bitcoin stock-to-flow mannequin, believes that BTC is on the right track to achieve $100,000 by Christmas this 12 months. Finally, he believes that BTC worth shall be a lot larger than $100,000 earlier than the top of the present halving cycle in 2024.

BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK
Each day cryptocurrency market efficiency. Supply: Coin360

Tuesday marks an necessary milestone for Bitcoin as a result of El Salvador has develop into the primary sovereign nation on the planet to launch BTC as authorized tender. Though the experiment could have its hiccups, it’s more likely to be carefully monitored by different nations.

May Bitcoin and altcoins decide up momentum and resume their up-move or will bears once more pull the value beneath key assist ranges? Let’s examine the charts of the top-10 cryptocurrencies to seek out out.