Bitcoin price surpassed $28,000


On Monday, October 2, quotes of the first cryptocurrency exceeded $28,000. Over the past 24 hours, the asset has increased by 3.5%, according to CoinGecko.

At the time of writing, the price is trying to gain a foothold above the designated level.

BTC/USDT hourly chart of the Binance exchange. Data: TradingView.

Bitcoin closed September positively, despite the overall negative trend – the rate increased by 3.9%.

Data: CoinGlass.

Following the flagship, assets from the top 10 by capitalization moved into the “green zone”. The most noticeable growth is demonstrated by Solana (SOL) – 14% over the last 24 hours.

Data: CoinGecko.

The total capitalization of the cryptocurrency market is $1.15 trillion (+2.6%). The BTC dominance index was 47.4%, ETH – 18%.

Some representatives of the crypto community noted a breakthrough on a psychological level. According to one X user, the next step is to rise to $31,000.

Earlier, Bitfinex specialists recorded signs of a resumption of the bullish trend. In their opinion, this is indicated by the behavior of long-term Bitcoin holders.

However, experts at QCP Capital remained bearish on digital gold for the fourth quarter. They named $22,000 as a target rate in October. The scenario will be canceled if $32,000 is broken through.

In August, BitMEX co-founder Arthur Hayes called the $20,000 level. In his opinion, the first cryptocurrency may go lower followed by a new bullish impulse. However, a month later he pointed to the positive prospects for digital gold, contrary to politics Fed.

Recall that the founder of Edelman Financial Engines, Rick Edelman, predicted the price of the first cryptocurrency to rise to $150,000 by the summer of 2025.

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