In accordance with CoinDesk Information worth info, at 2:20 p.m. UTC on Sunday, the bitcoin
worth set a brand new all-time excessive of $119, 308, up 1.4% previously 24-hour interval.
Bitcoin’s achievement was a bit bit shocking as a result of the crypto market was ready for the U.S. inventory market to open on Monday to find the response to the 30% tariffs towards imports from the EU and Mexico that Trump introduced late Friday on Reality Social.
Analysts anticipate the bitcoin worth to achieve as excessive as $250,000 by year-end. For instance, in a latest interview on CNBC, Fundstrat Capital CIO Thomas Lee stated that the demand versus provide imbalance for BTC meant that its worth might simply attain wherever from $150,000 to $250,000 by the top of this yr.
As of 4:11 p.m. UTC, bitcoin is buying and selling at round $118,882, which is a achieve of 1.38% previously 24-hour interval.
In the meantime, on the identical day, XLM received as excessive $0.4815 (at 3:20 p.m. UTC), however presently it’s buying and selling at $0.4578, up 22% previously 24 hours. XLM’s efficiency, though extremely spectacular, was not an enormous shock since on Saturday, it surged 6% to $0.3880, making it the highest performer by p.c change among the many high 20 cryptocurrencies by market cap.
As for HBAR, its intraday excessive of $0.2516 was reached at 3:10 p.m. UTC, however it’s presently buying and selling at round $0.2439, up 27% previously 24 hours, which makes it proper now immediately’s high proportion gainer among the many high 20 cryptocurrencies.
Crypto analyst Rekt Capital famous on X that HBAR’s latest 62% surge aligns carefully with its 2021 worth cycle, suggesting the token could possibly be establishing for the same breakout sample. In accordance with the analyst, HBAR has been monitoring the 2021 construction “nearly completely,” and any near-term pullback ought to be considered as a possible retest with the purpose of breaking above the present decrease excessive resistance degree.
The pseudonymous analyst additionally identified {that a} modest 2.5% dip in bitcoin’s market dominance has already fueled sturdy rallies throughout many altcoins. He famous that if such a small decline can set off outsized altcoin strikes, a extra substantial drop in dominance — into double-digit territory —might considerably speed up capital rotation into the altcoin market.