Bitcoin starts to recover and approaches the $20,000 level again
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Answer Bitcoin starts to recover and approaches the $20,000 level again
After the price of Bitcoin fell sharply to the bottom and tested the levels of 18 thousand dollars, the main currency returned to its rise again.
The recovery of Bitcoin was accompanied by the recovery of most alternative digital currencies.
Bitcoin recorded the highest trading volumes and reached records not reached in several months.
Bitcoin’s recovery begins and approaches the $20,000 level:
Since the price drop last week to $18,100, prompted by the recent interest rate hike by the US Federal Reserve, the cryptocurrency has calmed down and traded around $19,000.
In fact, Bitcoin spent most of the weekend there, with little and sometimes no movement.
Read:Edward Snowden shows interest in buying Bitcoin at $16.5 thousand and explains why!
Then came Monday, when Bitcoin fell to $18,600.
Then Bitcoin started attacking the resistances in its path.
On Tuesday, the price of Bitcoin soared by more than $1,500 in hours.
As a result, the price of Bitcoin surged to a 12-day high of more than $20,300.
At that point, reports began appearing that traders had placed sell orders at the $20,000 lines, which indicated a lower price.
Which actually happened, bitcoin plummeted to $18,500 hours later.
It came as trading volumes rose to their highest in more than three months, according to Santiment.
In the last 24 hours, the recovery of Bitcoin began gradually, as the price of Bitcoin rose by 4.3%, with a trading volume of more than 50 billion dollars, according to the platform. coinmarketcap.
Altcoins are colored green:
In the last 24 hours, altcoins have enjoyed positive movements following the Bitcoin price movement.
Ethereum reclaimed the $1,300 level and Binance succeeded in rallying to over $284.
The currency of Kadano, Solana, Dogecoin, Polkadot, MATIC and Avalanche also rose by rates ranging between 1-5%.
Read:Bitcoin and altcoins rise in price as inflation drops in the United States
As such, the total market capitalization of the cryptocurrency market increased by 3.4% in the last 24 hours and is close to reaching the levels of $950 billion.
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