Bitcoin takes over the scene from altcoins

Bitcoin (BTC) continued its unexpected rise that started yesterday on May 6 and reached $ 58,000.

1-hour candlestick chart (Bitstamp) of the BTC / USD pair. Source: Tradingview

Bitcoin took over the scene

The BTC / USD pair rose to an old resistance level on Thursday, according to data from Cointelegraph Markets Pro and TradingView.

Crypto money, on the other hand, suddenly gained 5 percent in value and exceeded 57 thousand dollars.

Analysts on the other handHe warned that altcoins that had overshadowed BTC just a few days ago are seeing increasing pressure from the rising bitcoin.

While the BTC / USD pair gained 4.4 percent on Thursday, Binance Coin (BNB) and Dogecoin (DOGE), which recently bounced off, remained stable.

There are also altcoins whose daily performances exceed Bitcoin. Cardano (ADA) has gained 16 percent in the last 24 hours, while Bitcoin Cash (BCH) has increased by 22 percent.

Buying and selling levels of the BTC / USD pair (Binance). Source: Material Indicators

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