The market is green again. After some very brutal two weeks, the market has begun to recover, led by the crypto king, Bitcoin. The currency gained 13 percent in the past 24 hours to reclaim the $4,000 level, and then some more. At press time, Bitcoin was trading at $4,221, with the momentum looking likely to push ahead. After trading below $3,700 just a day ago, the currency gained 13 percent to recover $10 billion in market value in less than 24 hours. As always, Bitcoin brought along his friends to the party, with Ethereum, XRP, Stellar and Litecoin all gaining double figures. Litecoin was the biggest gainer in the top 10 and regained the seventh position, overtaking Tether.
On November 25, Bitcoin hit its lowest for the year at $3,500, sinking even lower on some markets such as Bitstamp and Kraken. The currency has shown signs of recovery since then, but the rallies have been shortlived. Its best price rally since then was on November 26 when it hit $4,050. However, the crypto seems to have rediscovered its momentum.