Bitcoin (BTC) and Ethereum (ETH) prices have surged on Friday, despite the announcement of crypto lender Genesis filing for bankruptcy. The $21,000 mark was reached again as volatility in the cryptocurrency markets remained high. At the time of writing, the global market capitalization was up 1.14% after a 4% drop in the previous session.
BTC/USD reached an intraday peak of $21,175.24, after a low at $20,689.88 on Thursday. Looking at the chart, the price surge today was due to the 14-day RSI moving above the 80.00 mark. Currently, the index sits at 80.40, and many are hoping for another attempt to overcome a key resistance at $21,400.
ETH/USD has also pulled away from a recent low, reaching an all-time high of $1,559.55 earlier today. The market continues to move away from a support level at $1500 and the RSI indicator is following a dead cat bounce. Currently, the index sits at a level of 74.64, slightly higher than the floor of 70.00. With this, ETH bulls will likely target a resistance level at $1,600.
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