Bitcoin Rebounds 10% From Yesterday’s Bottom, Crypto Markets Gain $120B The cryptocurrency market managed to recover about $120 billion since yesterday’s bloodbath. Bitcoin is trading around $36K while many altcoins bounce.
The past 24 hours were quite turbulent throughout the cryptocurrency field, but this time around, bulls managed to catch a break and recovered some of the previous losses. The total market capitalization increased by about $120 billion since yesterday’s bottom as many coins managed to bounce back.Right off the bat, it’s worth looking into Bitcoin’s price, which went on a massive roller coaster throughout the past 24 hours.
Yesterday, the cryptocurrency plunged in a vicious downwards spiral and ended up hitting a price slightly below $33K . This was followed by the entire market. However, bulls stepped in and defended the level with multiple consecutive hourly candles, which ultimately led the price to reach $37,550.At the time of this writing, Bitcoin’s price hovers around $36K, which is an estimated 10% increase since yesterday’s bottom.
On the other hand, there are cryptocurrencies like DASH, as well as CVX, which failed to chart any considerable increases and are slightly down or breakeven compared to 24 hours ago.
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