After prices have moved lower in the past days, Bitcoin has finally rebounded by recovering several thousand dollars in the past 24 hours.

Most altcoins also reacted well and Solana, Cardano, Polkadot, Avalanche, Terra…

Bitcoin regains the level of 44 thousand dollars:

This week did not start well for the top cryptocurrency by total market capitalization, as its value plummeted on Monday after negative news from Evergrande.

In fact, Bitcoin has performed somewhat similarly to global market stocks, which are also down.

The pain did not end and Bitcoin continued to lose steam over the next few days.

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The bitcoin price fell below the $40,000 level, which is the lowest since early August.

Then the bulls came back to play again.

Bitcoin reclaimed the $40k level almost immediately and started pushing higher.

Currently, Bitcoin is trading at just over $44,000, which means its price has increased by $4,500 in about 24 hours.

rose The market capitalization of Bitcoin also topped $800 billion again, but the dominance of altcoins fell below 42% because most of them are in the green.

Altcoins are colored green:

During the correction, altcoins suffered more than their leader.

But it is now back in the green, as did Bitcoin.

The price of Ethereum rose to a level above 3000 dollars after its price fell to a record low recorded since early August at 2650 dollars.

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Cardano’s cryptocurrency rose to $2.25, and altcoins rose with mixed gains.

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