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10 May 2021

Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally

Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally


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After a brief fall below the $53,000 support level on April 29, Bitcoin rallied 10% by midday to reclaim its previous high of $57,400.

The last price correction the altcoins collectively faced was when BTC dropped below the $50k price level.

Since then, while many altcoins were able to pull off an inspiring recovery and even go on to achieve new highs, BTC’s price has continued to languish well below the $55k-resistance level – a move diametrically opposed to what many believed would be BTC’s price action in April.

According to data provided by Santiment, BTC’s supremacy over altcoins such as ETH is dwindling.

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