A weaker dollar may have helped boost cryptocurrency prices on Friday, as stock investors remained cautious after US inflation numbers rose to all-time highs despite some easing and uncertainty. surrounding the upcoming FOMC meeting next week.
Meanwhile, the cryptocurrency market made a significant rally yesterday as it rallied 2,30% from the 0,382 Fibonacci retracement support level. Today, the markets continue to rise thus far, with Bitcoin up 1,49% and Ethereum up 2,02% at the time of writing. As the market cap tries to find its way back above the €860 billion range, is the market again trying to break through this key resistance zone?
Crypto Market Cap and Technical Analysis