Bitcoin (BTC) has seen a significant surge in the past week, reaching an almost 7-week peak of $28,500. The altcoins have also seen notable gains, with Solana leading the pack with a 14% increase. The total crypto market cap has added over $40 billion in a day, reaching a local peak of $1.120 trillion.
It was a week ago when BTC fell by over $500 and dipped below $26,000. However, the bulls quickly intercepted the move and didn’t allow any further declines. BTC started recovering its lost ground and even spiked toward $27,000 mid-week. As the early Monday Asian trading session began, the asset broke out of its resistance and shot up to $28,500.
Ethereum and Binance Coin are both up by 3% and trade at $1,730 and $220, respectively. Ripple, Cardano, Dogecoin, Tron, Toncoin, Polkadot, Polygon, Litecoin, and Bitcoin Cash have all seen gains of up to 5%.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | PrimeXBT, TradingView, CryptoPotato, Binance, Bitstamp |
| Currencies | Solana, Cardano, Ethereum, Dogecoin, Bitcoin |
| Securities | None |
