After a substantial price decline that drove it to a weekly low of under $64,000, bitcoin has recovered most losses and now sits above $67,000.
The total crypto market cap has also reclaimed the recently lost ground, as many altcoins have turned green on a daily scale.Following last Friday’s crash toward $63,000, the primary cryptocurrency started a major recovery during the weekend that saw it increase to $66,000. More volatility ensued when President Joe Biden announced his withdrawal from the 2024 election race.
At first, BTC dumped by $2,000 but started to regain traction on Sunday and especially on Monday when it pumped to a 6-week peak of over $68,400.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, the bulls intercepted the move and didn’t allow any further declines. Just the opposite, the asset started to increase in value and tapped $67,000 earlier today. Its market cap has soared above $1.
BNB, SOL, DOGE, TON, AVAX, SHIB, DOT, and LINK have all marked similar gains, while XRP, NEAR, and LEO are with insignificant losses. The biggest daily gainers include AAVE, ORDI, STX, and BRETT, as all of them have jumped by double-digits.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.