- Bitcoin, Atrium, Dogecoin, Shiba Inu, all perform very well and the trading volume increases
- BTC and ETH are still above their significant resistance levels.
Wednesday morning saw a rise in several cryptocurrencies, including bitcoin, and higher profits on Tuesday. With positive news and new mergers by many signs, institutional cash flow increases and investors’ confidence in the market is strengthened.
Of the top 10 cryptocurrencies in terms of market value, 5 are bullish and Bitcoin (BTC), Atrium (ETH) and Dogecoin (DOGE) are up 4, 2.25 and 10.4 percent, respectively.
The market value increased by more than 3% to $ 2.22 trillion
The international cryptocurrency market looks green as the market value increased by more than 3% to $ 2.22 trillion. Traders’ activity also increased by more than 4% to $ 110 billion.
BTC, the king of all cryptocurrencies, has risen from $ 49,400 to $ 51,800 in daily charts and is currently trading around $ 51,400 after breaking the critical $ 50,000 level. Trading volume increased by more than 10% to $ 36.8 billion.
October 4 and 5 were a surprise for Shiba Ino and Dodge Quinn after Ilan Mask raised their value. SHIB Ino (SHIB) increased by more than 200% in just one week and continues to move upwards. SHIB lovers have increased by more than 80% in one day.
Bitcoin and Atrium are above resistance
Bitcoin and Atrium have overcome their core resistance and are maintaining, which is a good sign for the market, said Adul Patel, CEO of Mudrex.
Bitcoin has crossed the $ 50,000 mark, much to the delight of many investors. The next 24 hours will most likely be an integration period as it is possible to reserve profits in a wide range. “
According to DappRadar, a market tracker and analyst, not only cryptocurrencies but also inflexible tokens (NFTs) continue to rise. NFT sales increased to $ 10.7 billion in the third quarter of 2021.
Many investors were hesitant after the announcement of the regulators’ madness, especially the Securities and Exchange Commission (SEC). But recently, SEC Chairman Gary Gensler has confirmed that they will not ban cryptography. The news eased investors and further increased cash flow in the crypto market.