cryptocurrency

Bitcoin’s recent boom resumes the rally, will it continue?

  • BTC has recorded a sudden increase of 4.92% in the last 24 hours.
  • Major cryptocurrencies have also achieved a significant increase in prices.

After witnessing a constant crash into the bear market, Bitcoin (BTC) surged to $20,000 again. Over the past few days, the market dominator has been going through a massive fall. However, the currency is starting to see positive momentum again by posting a noticeable rally in the last 24 hours.

Bitcoin price chart (source: cmc)

according to CMCBitcoin (BTC) price is $20,226.13 with a 24-hour trading volume of $35,984,764,261 at the time of writing. However, BTC has increased by about 4.92% in the last 24 hours. Furthermore, Bitcoin has a circulating supply of 19,145,237.00 BTC.

Sudden price hike

Over the past week, Bitcoin has seen a steady ups and downs in the crypto market. The coin suffered a significant drop of about $1,8702.59. However, BTC has once again turned into a mode of operation with an impressive price hike. At the same time, Bitcoin holds a 38.2% dominance in the market. However, Ethereum holds 20.4% dominance.

Besides Bitcoin, prominent altcoins are showing a green signal in the market. The second largest coin, Ethereum (ETH) is now trading at around $1,705.82 with a 24-hour trading volume of $20,356,191,216. ETH has increased by nearly 4.37% in the past 24 hours, according to CMC.

Moreover, other leading coins such as XRP (4.86%), Cardano (3.63%), Solana (8.63%), Dogecoin (3.47%) and Shiba Inu (2.76%) have all made a surprising rally in the past 24 hours. Broadly speaking, the major coins have had a steady increase in the past 24 hours.

Recommended for you:

  • BTC selling increased, is there anything to worry about?
  • Looking back at Bitcoin’s 14-year journey
  • Is $18,000 the False Bottom of Bitcoin (BTC)?

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