The crypto market has turned green with a notable $3,000 increase from bitcoin. Terra has soared by 17% to $90.
After yesterday’s price dump to below $39,000, the bitcoin bulls returned to the scene and sent BTC several thousand dollars north. The altcoin space is also well in the green today, with impressive double-digit increases from NEAR Protocol and Terra.Bitcoin dipped below $40,000 for the first time in a month last week, but it quickly recovered the drop and went to $41,000.
beneath $40,000 once more, but this time, it kept losing value. This culminated in a decrease to around $38,500, which became the asset’s lowest price point since mid-March. However, this is where the bulls stepped up and intercepted the move. Instead of going further south, they pushed the primary cryptocurrency upwards, and it spiked by nearly $3,000 to an intraday high of just over $41,000.
Despite retracing with a few hundred dollars since then and currently sitting just under that level, BTC is still up by almost 5% on the day. As such, its market capitalization has neared $800 billion once again.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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