Major cryptocurrencies experienced a significant surge on Sunday evening, largely attributable to the performance of Bitcoin throughout the week, breaking through the $31,000 mark on Monday. In a single day, Bitcoin's price continued to skyrocket, hitting $35,000.
AaronADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support.
CointelegraphDaily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries.
CointelegraphLong positions suffer across Bitcoin and altcoins as BTC gets sent back to exchanges for potential sale.
Cointelegraph