• The recent price skyrocket of Bitcoin to $113,558 also shows that there is serious institutional participation, breaking through the resistance levels.
• The Ethereum price has been maintained at a position of above 4,000, with a strong rising trend and healthy trading volume.
• Solana has been going through slight setbacks but it is still above its moving averages which is a sign of a long term bullishness.

The currency has surged nearly to $113,558, with increasing institutional demand. This is an increase of 1.39 percent in one day. Bitcoin has been on an upswing and is still gaining momentum by hurdling major resistance points with the cryptocurrency becoming increasingly stronger in market share.

Bitcoin Streaks on Institutional Demand.

Bitcoin has been recording tremendous returns in the recent past and the cryptocurrency was trading at 113555. The recent spike indicates consistent institutional buying, which is an indication that investors have high expectations regarding the future of Bitcoin. Bitcoin continues to break new resistances with every day, and it is staking more claim in the crypto space.

                                   Source: Binance

Market data also show that volume has also soared because selling pressure is below the buying activity. It has been found that there are green bars on the volume chart, which are evidence of a high level of interest among the investors and red bars, which are indicative of the market correction occasionally. This change in volume is a sign of increased confidence in Bitcoin, particularly with big players still piling up.

The fact that Bitcoin has been above key moving averages supports the fact that the performance of this cryptocurrency is bullish. The 7-day moving average, the 25-day moving average and the 99-day moving average all reported an upward trend and this implies that Bitcoin has more growth ahead. The market mood is still strong as Bitcoin still continues to withstand small variations.

Ethereum is Above $4K.

Ethereum is not an exception as the price of this cryptocurrency has been moving positively, as of today, it is selling at 4,172.23. It records a relatively small growth of 0.19% which indicates the constant demand of the asset. The current boom in Ethereum is a rebound to the phase of consolidation, and the price is now evidently heading in the upward direction, beyond the key moving averages.

                                        Source: Binance

Etherium has been acting in the same manner as Bitcoin with the price remaining above the 7-day, 25-day, and 99-day moving averages. This (it is in a great bullish trend) yet its price movement is not as volatile as that of Bitcoin. These prices have been in steady absorption by the market in terms of Ethereum as evidenced by the volume data.

The Ethereum trade volume remains good with a trade of 327, 175 ETH, which proves that investors still trust the second largest cryptocurrency. The bars on the chart that are solid green volumes show that the price is being pushed upward by the buying pressure. Ethereum is a good competitor within the crypto market, and it continues to develop in the same direction.

Solana Still Gains in spite of some slight setbacks.

Solana has been recording strong upward trends, and the price has recently hit its highest point of 229. Even though there was a slight 0.42% decline, Solana has remained above its moving averages. The boom in the price of the cryptocurrency is a sign of high demand however, over the last few days a form of resistance has been experienced.

                                         Source: Binance

The volume of Solana is also very high, 4.249 million coins were traded. This huge amount proves the interest of the market in the asset despite the fluctuations in prices. Green bars on the volume chart indicate the buying pressure at upwards price movements and red bars show where there is selling pressure.

This market pressure on the price of Solana is minor considering that it has a wider bullish trend. Solana has its advantage through its current stand above major moving averages indicating that it will still be able to grow. Although there were recent lows, the long-term perspective of the asset is promising, and it is followed by a great number of crypto enthusiasts.