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HomeEthereumMarket Rebounds as Bitcoin (BTC) Breaks $41,000, Ethereum (ETH) Reclaims $3,000

Market Rebounds as Bitcoin (BTC) Breaks $41,000, Ethereum (ETH) Reclaims $3,000

Following Friday’s impressive price revival, Bitcoin’s weekend began well and prices rose above $ 41,000.

After a week of sideways action, Bitcoin was able to recover from nearly two weeks of price declines within two days. Bitcoin prices on Friday will rise by nearly 14%, just below $ 43,000. Binance..

Source: Tradingview

If Ethereum breaks $ 3,000, Altcoins will also rise

Due to soaring prices, the entire market has recovered with Bitcoin. Saturday’s market capitalization also rose by nearly 12%.All of the top 10 altcoins, with the exception of stablecoin, have seen an increase of over 6% over the last 24 hours, with Polkadot (DOT), Terra (LUNA), and Binance coin (BNB) Everything sees double-digit profits.

Source: CoinGecko

Ethereum also succeeded in breaking key resistance levels and regaining $ 3,000, essentially mimicking Bitcoin’s pricing behavior.This will come in just 12 days ETH Achieved a minimum of $ 2,151 per year in Binance.

Source: Tradingview

24hours Liquidation exceeds $ 270 million

Following dramatic price behavior in the market, liquidation exceeded $ 270 million, so shorts in the second half seemed to be the biggest loser. Coinglass reports that nearly 40% of liquidations in the last 24 hours came from Bitcoin positions. Over 80% of those positions were short positions.

Ethereum liquidation accounts for about 25% of the total liquidation, Solana ((((Sol) It accounts for almost 7% of the total and is $ 18.23 million. Other notable coins include Terra (LUNA), The Sandbox (SAND), XRP..

Source: CoinGlass

Have you completed the Bitcoin fix?

Following the previous wave count analysis of Bitcoin this week, BeInCrypto report Bitcoin has completed long-term wave 4 within the current rising parallel channel, so the fix may end.

The next few days give important views on where Bitcoin is likely to move. With the recent bullish bounce, traders will be cautiously optimistic that the fix is ​​complete.

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