Cryptocurrency Trading Update: $10 Billion Injection Pumps Crypto Markets6.87

It has been a long time coming. A market bounce that results in a sea of green with the majority of cryptocurrencies gaining double figures on the day. From almost falling into double digits total market capitalization has gained a solid 14% from its yearly low over the weekend.

Bitcoin sparked off the rally when it climbed over 10% from $3,260 to $3,600 before pulling back a little. Fears of BTC falling to or below $3,000 have been very real recently however it managed to find support at $3,200 and recover from there. Whether this is the start of a longer term trend remains to be seen but a Bitcoin bounce is good news for the rest.

Original source

Add comment

Please Sign in to be able to leave comments.