Will Bitcoin be able to break above $24,000 today? – Crypto News

   2022-08-08 11:08

Reading time: ~2 m


The new week started with the strengthening of the Asian stock market. Investment in the technology sector is growing in almost all regions.



Risky assets became attractive at the end of last week after the US authorities announced the stabilization of the situation in the financial sector. Japan’s Nikkei 225 index rose 0.26% on the morning of August 8 to 28,249 points. Korea’s KOSPI and China’s SZSE Component strengthened 0.3%.

Cryptocurrencies are also adding value. Bitcoin (BTC) and Ether (ETH) rebounded to 23,782 and 1732, respectively. Altcoins are growing at a minimal pace. XRP, Solana (SOL) and Polkadot (DOT) rose to $ 0.3775, $ 42.62 and $ 9.02. The capitalization of the crypto market reached $ 1.12 trillion.

According to OANDA analyst Edward Moya, bitcoin has a chance of a more significant rebound. To do this, the digital currency must stay above $ 23,000. Moreover, the strategist has no doubt that today or tomorrow BTC will break above $ 25,000.

Ether is strengthening ahead of the September network update and the transition to a new PoS consensus. Observers do not exclude that this week the altcoin may reach $ 2,000 or even exceed this mark.

Will Bitcoin be able to break above 24000 today


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