Crypto price update: Bitcoin and altcoins are jealous of stocks

Bitcoin (BTC) is struggling to get up after yet another blow, while Wall Street is having an excellent day. The crypto currency is slightly higher than this morning, but the price is still below an important level. And even in the rest of the crypto market, it is still a sad intention.

In this price update, we will tell you exactly how the market is currently doing.

Bitcoin is the worry child of the financial markets today. The crypto currency is on a tight profit, while equities are doing very well.

The S&P 500 is up 2.12 percent and the Nasdaq 100 is up 2.96 percent. Chip companies in particular are now recovering strongly from AI worries. In this article you can read more about the gains in the stock markets.

Bitcoin is currently 1.6 percent higher than this morning's low, but the resistance of 75,500 appears to be too strong for now. In our analysis this afternoon, you could read that this is an important level to recapture.

At the same time, $73,150 is a crucial level to stay above. Here is the 200-day average and that is the last line in the sand for the bulls. Bitcoin also found support here in early 2023, followed by an impressive rally of up to 40 percent in a week's time.

Just like then, Bitcoin has already confirmed a trend reversal, by setting a new high, but this is the moment when the bulls have to wake up again.

At the time of writing, the BTC price is at 74,953 dollars, 0.96 percent lower than 24 hours ago. In euros, 66,903 are now paid for the largest crypto.

Many large altcoins are still in a much worse position than Bitcoin.

That starts with Ethereum (ETH), which is now 4.40 percent lower than yesterday. Ripple (XRP) also disappoints with a fall of 4.86 percent, as does Zcash (Zec) with a fall of 4.17 percent.

Furthermore, Solana (SOL) has fallen 2.32 percent, Hyperliquid (HYPE) 2.03 percent and Dogecoin (DOGE) 1.27 percent.

Strikingly enough, there is some green among the smaller coins. Below are the biggest top 100 risers of the past 24 hours:

Below are the biggest top 100 decreasers of the past 24 hours: