Bitcoin failed at reclaiming $27,000 yesterday, but the bulls didn’t give up and pushed the asset to a 9-day high above that line earlier today.BTC Above $27K
The primary cryptocurrency traded at $27,500 in the middle of last week but quickly retraced following the latest US Federal Reserve FOMC meeting. It spent the next few daysThat’s when the landscape changed for the worse and BTC slipped to just under $26,000. After charting this 12-day low at the time, the asset bounced off and jumped to $26,800 on Wednesday.
However, it failed to continue upwards and retraced back down to under $26,200. The bulls initiated another leg up yesterday, which was at first. Nevertheless, their persistence finally paid off hours ago when bitcoin climbed to a multi-day peak of $27,250 .This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, the cryptocurrency still stands inches above $27,000, with its market cap soaring to $530 billion and its dominance over the alts increasing slightly to 49%.
More gains come from the likes of Cardano, Solana, Tron, Polygon, and Litecoin. SOL is the top performer out of this group, with a 5.5% increase that has taken it to above $20.The total crypto market cap is up by 2.5% in a day and sits above $1.080 trillion.