Following several consecutive days of price falls, bitcoin reversed its trajectory and added a few thousand dollars. Most altcoins are also slightly in the green. Bitcoin Cash leads the way with a massive double-digit price surge.It’s safe to say that the past week or so didn’t go all that well for the primary cryptocurrency. It took a few swings at $47,000 at the start of the month, but the inability to decisively reclaim that level meant trouble.
The bears gained control over the market and pushed BTC south. Thus, the asset firstly fell to $45,000 before it dumped to $43,000. The landscape worsened in the past few days as bitcoin, with BTC changing hands around $40,000 for most of it. However, the bulls reminded of their presence and drove bitcoin north hours ago. As a result, bitcoin spiked to its current level – just over $41,000.
Nevertheless, being more than 5% down weekly means that BTC’s market cap is still well below $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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Source: CNBC - 🏆 12. / 72 Read more »