Tokens associated with gambling, video and audio streaming rallied to new highs much as Bitcoin cost pulled back into the $54,000 support.
Bitcoin (BTC) bulls faced powerful headwinds on March 22 that immediately dismisses any attempt at a breakout over the $58,000 degree despite remarks from United States Federal Reserve Chair Jerome Powell that known as the top cryptocurrency that a”substitute for gold”
Statistics from Cointelegraph Markets and TradingView reveal that traders made many efforts to push BTC over $58,000 within the previous two days just to be reversed, with Monday’s collapse leading to a pullback into the $54,000 service amount.
On-chain analysis proves that while BTC cost struggles to climb back over $60,000, whale pockets happen to be in accumulation style over the previous 30 days suggesting that some of the strangest Bitcoin holders see more upside for the present bull market.
Mainstream cryptocurrency adoption advantages grip
The macro picture to the cryptocurrency industry continues to improve since the internationally recognized TIME magazine demonstrated that it’s searching for a CFO who’s familiar with Bitcoin and cryptocurrencies since the book has started exploring the production of one-of-a-kind non-fungible tokens according to a number of its iconic covers.
Now that blockchain technology has evolved to the point at which it can manage procedures such as music and video streaming, platforms using a first-mover benefit in those industries have seen their costs breakout within the previous couple of months since mainstream audiences are exposed to the cryptocurrency ecosystem.
VORTECS™ info from Cointelegraph Markets Guru started to discover a bullish outlook for AUDIO on March 1, before the current price increase.
As seen from the graph above, the VORTECS™ rating for AUDIO was at the green in February and hit a high of 68 on March 1, approximately 24-hours prior to the price started to rise by 400 percent during the next two months.
Adhering to the cost summit on March 16, AUDIO cost and its own VORTECS™ score underwent a pullback that lasted a couple of days. The VORTECS™ score afterward turned green and reached a high of 71 on March 20, approximately 15 hours prior to its latest price increase.
Other noteworthy altcoin performances on March 22 comprise Augur (REP), that has seen its cost increase 30 percent to some high of $39.30, also XRP, that spiked 20 percent to an intraday high at $0.60 as members of their XRP military look to acquire the nominal relisted on exchanges that suspended solutions in reaction to th activities from the U.S. Securities and Exchange Commission.
The general cryptocurrency market cap stands at $ 1.746 1.746 trillion and Bitcoin’s dominance speed is 59.8%.