Bitcoin, ether gearing up for new highs as market cap tops $2.84tn

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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

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