Bitcoin (BTC) Surges Above $4,000, Analyst Cries “Dead Cat Bounce”28.87

After a near non-stop bout of selling pressure, on Tuesday, after a seeming shift in the crypto-related news cycle, Bitcoin and its altcoin brethren unexpectedly underwent a positive price influx. And after a day of buy-side action, the aggregate value of all crypto assets has risen to $135 billion, 15% higher than the $115 billion year-to-date low seen on Sunday.

Crypto’s most recent rebound, which sent BTC from $3,800 to a daily high at $4,375 (~11% gain), came alongside $20 billion in reported volume (24 hours), as claimed by data aggregator CoinMarketCap. Bitcoin’s most recent move comes just days after the asset established a fresh yearly low at $3,400, 40% down from its late-Summer/early-Autumn ‘home’ around $6,000.

Original source

Add comment

Please Sign in to be able to leave comments.