Cryptocurrencies bounced back slightly on Tuesday morning after a poor start to the week.
The bitcoin rate rose to $20,413. Over the past 24 hours, BTC capitalization has reached $390.516 billion (+2.7%).
Ether (ETH) is also gaining in value, with the largest altcoin trading at $1,578 at the time of this review. XRP, Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) rose 0.5% to $0.332, $0.452, $32.65 and $0.063, respectively. The capitalization of the crypto market increased on August 30 to $992.347 billion.
According to the CEO of the consulting company Venn Link Partners Sisi Lu, despite the negative dominating the market for risky assets, the support of around $20,000 worked, and bitcoin withstood the pressure.
Many analysts agree that it was this psychological mark that became the fundamental value of cryptocurrency.
However, Fairlead Strategies' Cathy Stockton takes a more skeptical scenario. She believes that BTC will still sink to $19,500 or even below this level shortly.
According to the expert, a zone of strong support for BTC has formed in the range from $18,300 to $19,500, and traders should be guided by it.