After a weekend of sideways trading, the cryptocurrency markets have jumped on Monday, with Bitcoin rising more than 5% and the overall crypto market capitalization rising to over $110 billion. Today’s price rise has led the markets to regain much of their losses that were incurred last Friday.
At the time of writing, Bitcoin is trading up 5.8% at its current price of $3,460. Last week, Bitcoin fell to lows of $3,190, and appeared to find support in the low-$3,200 region. Today’s jump, although a welcome development, has only brought Bitcoin’s price back to last Thursday’s levels.