Tonight, BTC price broke out of consolidation and broke through the $9,500 resistance level. Now buyers will try to maintain this mark and raise the price to $9,775.
Many experts believe that the main reasonrise in the price of BTC became a document issued yesterday by the US Treasury. The document states that federal banks are now allowed to provide cryptocurrency storage services. This means that clients of American banks will be able to store cryptocurrencies in the same institution where they keep their checks and funds.
Gemini CEO Tyler Winklevoss commented:
The Federal Reserve continues to fuel the Bitcoin rally.
If the BTC price manages to stay above $ 9,500, the bulls can try to push through the $ 9775 and $ 10,000 levels.
Altcoins are also showing moderate growth.The price of XRP increased by 2.88%, the price of Litecoin by 2.86%, and Ethereum was able to show one of the best results among the top cryptocurrencies – its price increased by 12%.
According to CoinMarketCap, the cryptocurrency market capitalization is now $ 284.7 billion, and the dominance of Bitcoin is 61.7%.
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Based on materialshttps://cointelegraph.com/news/bitcoin-price-rises-to-9-500-as-2-trillion-fed-stimulus-expected
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