Bitcoin Eyeing $64k as Market Recovers

The crypto industry is looking to end September on a positive note. The market has reenergized and is poised for a resurgence.

Bitcoin is leading the charge with a 1.4% surge in 24 hours, putting the crypto close to the 64k-dollar mark. At the same time, Ethereum is looking to cross the 3k-dollar mark before the month ends.

The shift in dynamics has instilled trust among traders, finally pushing the Fear & Greed Index to neutral. According to Cointree, the metric is at 50 after a month-long struggle. However, the market is still not forgiving for coins with limited support.

Here is an overview of the crypto market with daily updates to help traders gauge the industry.

Bitcoin

In one week, BTC managed to overturn its fate, accruing a growth of 8.82%. Its 24-hour performance also shows a 1.4% growth, putting the currency at the 64k-dollar mark.

According to recent BTC predictions, the market leader is currently trading at 63,890 dollars with minor fluctuations. Its first major support is at 62,156 dollars, while its resistance point is at 64,765 dollars. The coin is expected to maintain its 1-month high throughout the final week of September.

Ethereum

Despite outshining Bitcoin on the weekly growth chart, Ethereum is failing to reclaim its $ 3k. In the past 24 hours, the crypto has gained 2.69% value and is trading at $2,655.

Its weekly growth of 16.09% is higher than any other crypto in the top 10 ranks. In a surprising turn of events, a long-term ETH holder reaped a profit of 131.72 million dollars after holding the coin for 2 years.

With support at 2,465 dollars and resistance at 2,680 dollars, Ethereum is looking forward to a bullish rally.

BNB

Similar to BTC and ETH, BNB managed to accumulate 1.91% growth over the weekend. The coin also matches BTC in terms of weekly growth, surging 8.98% in 7 days.

BNB is currently eyeing the 600-dollar mark, right now trading at 594.77 dollars. A big part of BNB’s growth is because of CZ’s new leadership. The Binance network has also noted a 71% surge in NFT sales, imbuing trust among traders. 

Solana

Unlike other top cryptos, the weekend did not do SOL any favors. The coin dropped 0.35% in value on Sunday and is currently trading at 146.94 dollars.

Its weekly growth is impressive, with a 12.15% surge. However, the coin has yet to cross the 150-dollar mark in months. Traders anticipate that Solana will benefit from the listing of its memecoin, REKTBEAR, on exchanges. 

Vector Smart Gas

VSG, or Vector Smart Gas, is the native gas token of the L1 blockchain, Vector Smart Chain. The coin stunned the market after moving from an “old contract” to a “new contract.”

Its monthly performance highlights a staggering 21,315.19% growth. It gained 9.83% value in the past 7 days, reaching a market value of 0.001549 dollars. While VSG is losing steam, it is still a potent coin for short-term traders.