Bitcoin had another positive weekend in which its price recovered from a slump toward $67,000 and spiked to almost $70,000 on Monday morning for the first time in nearly seven weeks.
The altcoins are also well in the green, with ETH erasing almost all losses after the ETF launch, while BCH has soared to $450.The previous business week didn’t go all that well for bitcoin as the asset slumped from about $68,000 to under $63,500 by Thursday. That became a weekly low, but the bulls were quick to intercept the move and prevent further losses.
Just the opposite, the cryptocurrency started to regain traction almost immediately and jumped by several grand within the next day. The weekend was also expected to be volatile due to the Nashville 2024 Bitcoin Conference and Donald Trump’s speech there.This is all you need not to miss any price action in the raging crypto markets.
Bitcoin Cash stands with the most substantial daily increase from the larger-cap alts. BCH is up by over 14% and trades above $450 for the first time in months. LTC, PEPE, INJ, and MKR have all gained 5% overnight. The cumulative market cap of all crypto assets has increased by $70 billion since yesterday and sits close to $2.6 trillion on CG now.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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