On Sept. 23, bullish optimism was on the increase in the cryptocurrency market as costs continue to recuperate after this weeks volatility. This was because of regulatory pressure on crypto sector, Federal Open Market Committee conference regarding Feds interest rates walkings and monetary policies, in addition to concerns that the Evergrande scenario could ripple out to impact worldwide monetary markets.
Cointelegraph Markets Pro and TradingView information reveal that Bitcoin (BTC), after trading in a series of $43,000 to $44,300 in the early trading hours of Sept. 23, spiked above $44,800 in early afternoon and now focuses on turning the $45,000 resistance into support.
Chart for BTC/USDT 4 hours TradingView
BREAKING NEWS: Twitter introduces tipping functionality for the Bitcoin Lightning Network on iOS
— Pomp (@APompliano) September 23, 2021
The momentum in the cryptocurrency ecosystem was already acquiring steam with top altcoin Ether (ETH), back above $3,100. Information reveals that Ether reserves on the significant cryptocurrency exchanges have fallen to an all-time low.
The timing of the BTC cost spike accompanies Twitters announcement that users can now tip others with Bitcoins thanks to Strike integration. Strike is a payment app built on the Lightning network and enables affordable Bitcoin transactions.
Fully rebounding ltcoins
Altcoin is taking off as the competitors warms up in layer-one. Tasks like Terra (LUNA), Avalanche( AVAX) or Cosmos (ATOM), are making price gains and drawing in new users due to their lower transaction expenses and quicker processing times.
The overall cryptocurrency market is now worth $1.999 trillion, and Bitcoins dominance rate at 42%.
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Daily cryptocurrency market efficiency. Source: Coin360
Celer (CELR), the leading gainer, is now $0.14 after its cost surge of 52% to an all-time high. Celo (CELO), has actually posted a 24% gain. It trades at $7.80.
Noteworthy efficiencies also include a 23% increase for COTI, 21% for Tezos( XTZ), and a 20% rally for Origin Trail (TRAC).