Bitcoin Storms to $66K as Crypto Goes Mainstream

On Thursday, Bitcoin notched a fresh all-time high as investors cheered on the successful debut of its first US futures exchange-traded fund.

The world’s largest cryptocurrency soared to 3.90% to $66,398.25 with a 24-hour change of $1,947.83. 

Currently, it holds a market capitalization of $1.24 trillion. In addition, it has a 24-hour volume of $2.69 billion with a $63,772.88 low and a $66,974.77 high. 

In early trading, the BTC continued to widen beyond the $63,500.00 resistance zone.

Consequently, it crossed the $65,000.00 key resistance and the 100 hourly simple moving average.

Remarkably, the virtual currency soared above the $65,500.00 resistance and touched a new record high. 

As of writing, Bitcoin corrects its gains and could trade below the $66,000.00 level. 

Subsequently, there is a break under the 23.60% Fibonacci retracement level of the uptrend motion from the $61,320.00 low to $66,982 high.

Accordingly, there is immediate support along with the $64,200.00. Also, a crucial bullish trend line forms with support near the $63,000.00 level. 

On the positive side, Bitcoin’s initial resistance lies beside $65,200.00, whereas the first main resistance is close to $65,500.00. 

Remarkably, a significant price gain above the $65,500.00 resistance could lead to a succeeding upward movement. 

Furthermore, the next major resistance is near the $66,800 level. An increase to it could push the Bitcoin price towards $68,000.00. 

However, if it failed to cross the $65,500.00 resistance zone, it could extend its downside correction. Then, its immediate support on the downside is close to $64,200.00. 

Meanwhile, the first Bitcoin ETF launch is a landmark for the crypto industry, mirroring greater acceptance on Wall Street.

Cryptocurrencies Up as Bitcoin Soared

Following the hike, Ethereum skyrocketed 11.96% to $4,325.31. It holds a market capitalization of $507.90 billion and a 24-hour volume of $1.96 billion.

Similarly, Ripple’s XRP boosted 4.40% to $1.15. It has a market capitalization of $115.45 billion and a 24-hour volume of $4.59 billion.

Then, Cardano surged 7.02% to $2.29. It has a market capitalization of $74.14 billion and a 24-hour volume of $331.25 million.

At the same time, Polkadot climbed 8.75% to $41.06. It holds a market capitalization of $44.86 billion and a 24-hour volume of $2.62 billion.

Likewise, Litecoin amplified 11.44% to $209.20. It has a market capitalization of $14.39 billion and a 24-hour volume of $164.95 billion.

Also, Bitcoin Cash widened 6.90% to $653.11 with a market capitalization of $12.34 billion and a 24-hour volume of $53.15 billion.