Bitcoin Sideways Action at $20K Goes on as Celsius Network (CEL) Skyrockets 28%: Market Watch

During the past day, most of the cryptocurrencies managed to recover slightly from the previous choppy price action. This resulted in the total market capitalization reclaiming the coveted $1 trillion level. Celsius Network’s CEL token seems to be the main outlier.

Bitcoin Flat at $20K

The past 24 hours were relatively calm for Bitcoin. The cryptocurrency reclaimed the important $20K level, albeit not so convincingly. At the time of this writing, it is trading at around $20,100 (on Binance).

Source: Binance via TradingView

It’s worth noting, though, that BTC did drop to $19,500 once again. It appears that this level provides serious support because the cryptocurrency dipped toward it on a few occasions, and it prevented any further sell-offs each time.

The entire day saw about $23 million worth of liquidations across the entire Bitcoin market.

Altcoins Chop, CEL Skyrockets

Out of the top 100 coins by means of total market capitalization, the most obvious outlier seems to be CEL. The cryptocurrency skyrocketed by a whopping 28% over the past 24 hours in a market that’s relatively flat.

Source: Quantify Crypto

Most of the altcoins are charting slight increases, recovering from the previous choppy downward price action and targeting some key levels once again. ETH eyes $1.6K after gaining 3.2% in the past day. ATOM is up a more considerable 8%, while other major coins like XRP, ADA, SOL, DOT, and ETC are also up.

This has brought the total market capitalization above $1 trillion once again. It has also helped improve the overall sentiment.

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