Last week was the most successful since the beginning of 2019 for cryptos with the aggregate market cap of the digital assets increasing by 24%.
The AI was able to capitalise on these large movements on the majority of our crypto trading pairs and is evaluating strategies to lock in gains, or enter new positions on pairs that missed the surge.
Although Bitcoin was the first to move, other cryptocurrencies took up the momentum forming their unique recovery paths. We saw ETHUSD increase by 22%, XRP by 17%, among similar gains from other cryptos.
BTC/USD near-term price action is well supported by an ascending trend line. The big psychological target of $5000 USD is likely to act as the new bottom.
