Bitcoin\u2019s price correction on Tuesday didn\u2019t last long, and the asset flew past a key resistance level and shot up to $116,500 for the first time since September 19.<\/p>\n
Many altcoins have followed suit with impressive gains over the past few hours, including ZEC, PUMP, and PENGU.<\/p>\n
As history suggested, bitcoin\u2019s price suffered in September, especially at its end. Recall that the asset slumped from over $114,000 to under $109,000 by September 26 as it charted a multi-week low.<\/p>\n
That support managed to hold, and BTC spent most of the weekend trading sideways below $110,000. The bulls finally stepped up on Monday and pushed the cryptocurrency beyond that level to $112,500. After hitting some resistance there, bitcoin went on the offensive once more and neared $115,000 later during the day.<\/p>\n
It was stopped there at first and pushed south<\/a> by over two grand to under $113,000. It stood there for a while, but the actual breakout took place earlier today after the US government shut down<\/a>.<\/p>\n Bitcoin jumped from that level to a two-week high of over $116,500, charted minutes ago. This surge has pushed its market cap to beyond $2.320 trillion on CG, while its dominance over the alts sits at 56.7%.<\/p>\n BTC\/USD. Source: TradingView<\/p>\n A big portion of the larger-cap alts have followed bitcoin on the way north. Ethereum has jumped to $4,300 after a 4% daily increase, XRP trades above $2.90, while BNB remains well beyond $1,000. Even more impressive gains come from the likes of SOL, DOGE, ADA, AVAX, HYPE, SOL, XLM, BCH, and SHIB.<\/p>\n The top performers from the largest 100 alts are ZEC, which has skyrocketed by more than 40%, PUMP, which is up by over 27%, and PENGU, which has jumped by 12%.<\/p>\n The total crypto market cap has added over $100 billion since yesterday\u2019s low and has soared to $4.1 trillion on CG.<\/p>\n Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n The post Bitcoin Skyrockets to 2-Week High as ZEC, PUMP, PENGU Chart Double-Digit Gains: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price correction on Tuesday didn\u2019t last long, and the asset flew past a key resistance level and shot up to $116,500 for the first time since September 19. Many altcoins have followed suit with impressive gains over the past few hours, including ZEC, PUMP, and PENGU. BTC Rockets Past $116K As history suggested, bitcoin\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101186","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101186"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101186"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101186\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Alts on the Rise<\/h2>\n