Crypto market recovery? Bitcoin back above $30K as fresh demand pushes bullish momentum
paybuymax
2 min read
Crypto market recovery? Bitcoin back above $30K as fresh demand pushes bullish momentum.
Flagship cryptocurrency asset, Bitcoin, is bullish at the start of the London session today, trading above the $30,000 zone, as the lost bulls of the market have finally been found. Bitcoin is up over 10% as of the time of this writing after falling to trade as low as $26,350.49, as a result of the LUNA capitulation.
READ: Crypto bl00dbath: $840 million liquidation as Bitcoin falls to $30,000
The cryptocurrency market capitalization is up 11% as of the time of this writing, to currently stand at $1.3 trillion. Yesterday, the market capitalization nearly fell below $1 trillion, to trade as low as $1.15 trillion, a price point not traded since June 2021.
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With bitcoin rallying, so is the alcoin as they are all posting gains of 10% and above with some tokens like BNB, ADA, DOT posting over 30% gains in the last 24 hours. The current rally is attributable to increased demand from bullish as investors are mopping up the lower price ranges seen in the market.
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Stick with us as we bring you more updates.
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Crypto market recovery? Bitcoin back above $30K as fresh demand pushes bullish momentum.
