After a few consecutive days of price slumps, bitcoin finally initiated an impressive leg up hours ago and exceeded $48,000. Most altcoins are also green ahead of 2021’s end, with Ethereum reclaiming $3,800 and the crypto market cap gaining $70 billion in a day.The past several days didn’t go all that well for the primary cryptocurrency. The asset had skyrocketed to $52,000 on December 27th after finally breaking above its $50,000 nemesis.
While the community rejoiced and anticipated further price increases, BTC reversed its trajectory as the bears came to play. A day later, bitcoin found itself trading $3,000 lower, and it plummeted to $46,000 yesterday, as CryptoPotatoThe cryptocurrency bounced off rather quickly and traded around $47,000 when a sudden price pump in the past few hours drove it north by $1,500. As a result, BTC jumped above $48,000 and now sits around $48,500.
More gains come from Gnosis , Celsius , Cosmos , Aave , SushiSwap , Curve DAO Token , Arweave , and others. Ultimately, the cryptocurrency market capitalization has increased by more than $70 billion since yesterday’s low to nearly $2.3 trillion.
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