Following a plunge below $42,000 yesterday, the top cryptocurrency bitcoin has rebounded and is now trading at $43,000.
Following a plunge to over $42,000 levels yesterday, Bitcoin has rebounded and is again trading at approximately $43,000. Most altcoins are in the green daily, with BNB approaching $500 and Litecoin and ATOM seeing more spectacular increases. The original cryptocurrency has had a good run over the last few days. On Monday, the asset has progressively gained in value after falling below $40,000.
Bitcoin briefly surpassed the $44,000 mark.
Bitcoin gained more than $4,000 in just a few days, breaking through the $44,000 barrier many times, the most recent being on Thursday. However, it was at this point that the landscape shifted. The bears stepped in and pulled BTC lower after reaching a weekly high of $44,500. The cryptocurrency fell by more than $2,500 this time, to just under $42,000 yesterday. Since then, BTC has gained roughly $1,000 in value and now trades at around $43,000, with a market capitalization of over $800 billion.
Altcoins are gaining popularity.
Ethereum, the second most popular cryptocurrency, has had a turbulent week of its own, with a dip to a multi-month low of around $3,000 in recent days. Following the dump, ETH went on the offensive, recovering $300 in a few days. Since yesterday, the second-largest cryptocurrency has already surpassed $3,300, following a small 2% climb. Binance Coin is up almost 3% on the day and is on the verge of approaching $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also in the green. Litecoin, with an increase of 8%, is the most significant gainer among the large-cap cryptocurrencies, followed by ATOM (7 percent ). On the other hand, Dogecoin, Solana, and ADA have experienced slight losses.