After a few consecutive days of charting new local lows to $62,500, bitcoin’s price has finally rebounded, and the asset even neared $66,500 earlier today, where it was stopped. Bitcoin was violently rejected on both occasions at the beginning of the previous business week to reclaim the $70,000 level, and the subsequent corrections pushed it south to $66,000 by Wednesday. It rebounded in the following days and went above $68,000 during the weekend.
Most altcoins were hit hard over the past few days as well. Ethereum dipped to $1,800, but now stands $100 higher at $1,900. XRP is back at a crucial support at $1.36, while BNB has neared $600.
TRX, DOGE, BCH, ADA, and HYPE are also in the green daily. SOL and XMR have surged the most from the larger caps. 7% gains have pushed the former to $82, while the latter is above $335. The total crypto market cap has recovered around $80 billion daily and is up to $2.330 trillion on CG.
Leave a Reply