Türkçe
Español
The cryptocurrency market has shown a relatively flat trend since the beginning of last week, but it has started to rise again throughout the day. The leading cryptocurrency Bitcoin (BTC) has gained nearly 3% in the last 24 hours and has approached the $30,000 price level significantly. The total market value of the cryptocurrency ecosystem has reached $1.19 trillion, according to CoinMarketCap (CMC) data.
Cryptocurrency Market Rebounds
After weeks of low volatility, the cryptocurrency market gained upward momentum since this morning. The leading cryptocurrency Bitcoin (BTC) recorded a value increase of nearly 3% in the last 24 hours, surpassing the $29,900 level and approaching the $30,000 level significantly.
With the increase in BTC, most high market cap cryptocurrencies have also rebounded. Ethereum (ETH) started trading at around $1860 with a 2% increase in the last 24 hours. The total market value of the cryptocurrency ecosystem has reached $1.19 trillion, according to CMC data.
Will Bitcoin (BTC) Continue to Rise?
Cryptocurrency analyst Michael Van de Poppe, evaluating the current state of the cryptocurrency market, pointed out possible price levels that could play a critical role for the leading cryptocurrency BTC in the near term through a series of tweets. The analyst suggested that for the cryptocurrency market to gain momentum in the upward direction, Bitcoin needs to surpass the $29,700 level in the near term and maintain this price level.
In addition, cryptocurrency analysis platform Santiment evaluated the recent price increases in the leading cryptocurrency. Santiment warned investors by highlighting the high profit-taking that has been at its highest level for a long time despite the decline in stocks and the strengthening of the dollar.
It looks great.