Bitcoin Recovers to $57,500 as Monthly Close Approaches
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Answer Bitcoin Recovers to $57,500 as Monthly Close Approaches
Bitcoin managed to make an impressive comeback, recovering to the $58,000 level to ease back slightly to the $57,400 level earlier today.
On November 26, the price of the cryptocurrency king fell by more than 9% amid fears that the Corona epidemic may be exacerbated by the new “Omicron” variant.
However, on Sunday, Bitcoin surged more than 7%, putting the bulls back in the driving seat and nullifying bearish scenarios.
Leading bitcoin will need to gain another 6% to avoid printing a red monthly candle in November.
Bitcoin is also -17.03% away from regaining its all-time high of $69,000.
recovery back:
The largest cryptocurrency rebounded with other major markets.
Read:Trading platform “BitBank” determines its position on supporting “Ethereum PoW” currency…Details here
US stock futures are currently up, with the S&P 500 on track to add 0.69%.
Oil also made a rebound after the price of West Texas Intermediate crude recorded its largest one-day decline since turning negative in April 2020.
Spot gold was down $10 at the open, but then the bulls were able to gain some bullish momentum.
Read:Fear spreads among investors as Bitcoin struggles to recover
Altcoins are mostly followed by Bitcoin and have recorded varying positive percentages.
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