The cryptocurrency market remained bullish for the second day in a row on Tuesday, with the market capitalisation gaining 2.3 percent to reach $2.84 trillion as of 1245 hours GMT.
Bitcoin, the largest cryptocurrency, gained 2.14 percent to reach $63,189.
With this increase in price, the market capitalisation of the biggest cryptocurrency has reached 1.190 trillion. Bitcoin hit one-week highs of $63,400 during the session after days of sideways action ended in a brief but strong breakout.
Bitcoin’s relative strength index is now above 70 — a classic prelude to an incoming extended rally. RSI levels are being keenly watched to determine both a breakout.— TLTP
