Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000.
Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500.
Bitcoin Paints A New 2-Week High
As reported by CryptoPotato yesterday, Bitcoin displayed issues when trying to overcome the psychological $11,000 level. In the past 24 hours, the primary cryptocurrency initiated another attempt, which seemed significantly more robust. In just a few candles, BTC surged from $10,900 to about $11,179 (on Binance).
Bitcoin maintained its level above the coveted $11,000 level for a few hours. However, the bears decided to interfere and drove the price down below to where it currently sits – $10,950.
Consequently, $11,000 remains the most critical resistance in BTC’s path to new 2020 highs. If it spikes above it again, Bitcoin would have to fight off the next obstacles at $11,200, $11,350, and $11,500.
BTC trades above the first support at $10,900, which intercepted the recent price dip. A breakdown below that level could send Bitcoin to the next support levels at $10,500, $10,330, $10,140, and $10,000.
BTCUSD. Source: TradingView
Untypical Lack Of Volatility From Large-Cap Alts
In the past 24 hours, most larger-cap altcoins have been performing somewhat stable.
Ethereum, Ripple, Crypto.com Coin, and Litecoin are situated approximately at the same levels as yesterday. ETH trades at $380, XRP – $0,25, CRO – $0.165, LTC – $48.
However, Bitcoin Cash has overtaken Polkadot for the 5th spot as DOT tanked by 5%. On the other hand, BCH, similarly to Binance Coin, is down by just 1%.
Despite the price stability among the top 20 coins, severe volatility is evident among lower-cap alts. Hyperion leads the way with a 94% surge. HYN’s massive surge comes only a few days after the company announced launching a built-in exchange function in its wallet Titan.
Elsewhere, it’s interesting to note that the value of the 400 UNI tokens airdropped to everyone who used the Uniswap platform before September 1st reached a value of $3,500. This happened as the price for the token surged to around $8.7 on Binance before retracing to where it currently sits at around $5.6.
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Cryptocurrency charts by TradingView.