Bitcoin News Cryptocurrency Editor's Picks

Bitcoin Recovers 10% in the Last 24h and Touches 20k Again

Bitcoin Recovers 10% in the Last 24h and Touches 20k Again

After a negative path that saw Bitcoin price drop significantly below the $20,000 support zone, drop over 10% and even drop below the $18,000 level, the leading currency has shown a slight indication of recovery, rebounding by up to 10% and regaining its over $20k price.

Over the weekend, Bitcoin fell below the psychological 20,000 barrier. On Saturday, it fell to a low of $17,599 before rising to over 20,000 on Sunday. On Monday, the price is still revolving around $20k.

The global market shows a sign of recovery

Over the last 24 hours, the market has been in the green. Bitcoin, the market leader, increased by 10.44%, while Ethereum increased by 14.00%. Meanwhile, the major altcoins have restored reasonable percentage gains, with Solana up 13.7 percent and Litecoin up nearly 15%.

The global market shows a sign of recovery

After an initial surge lower last week, Bitcoin has continued to fall over the past week. From a peak of roughly $24,011, BTC/USD has dropped almost 14% to the present price, indicating that sellers will soon be fatigued.

Bitcoin’s price at the time of writing is $20,345.82, with its current dominance of 43.48%, an increase of 0.67% over the day. Bitcoin (BTC) currently has a trading volume of USD 36.48 billion, with a live market cap of around USD 400 billion.

BTC, however, struggled to recover past $23,000 following some reaction to the $20,000 prior low at the start of this week. Following a retest of $20,000 support on Friday, there was a minor consolidation in an even tighter range.

Despite the green charts that have appeared all over the top cryptocurrencies, the entire global market worth is still at $892 billion, up 9 percent from the previous day, according to data.

Related posts

Transnistria will mine cryptocurrency on Russian gas

alfonso

Crypto Regulations Should be Similar to Traditional Bank Rules, Says Fed Vice Chair

Joseph Alalade

Unilever Uses Blockchain Technology to Fight Climate Change

alexis