Bitcoin’s Recent Surges Resume the Uptrend, Will It Continue?

  • BTC registered a sudden increase of 4.92% in the past 24 hours.
  • Major altcoins have also attained a significant price increase.

After witnessing a continuous collapse in the bearish market, Bitcoin (BTC) has climbed to $20,000 again. Over the past few days, the market dominator was going through a tremendous downfall. Even so, the coin started to witness a positive momentum again by registering a notable uplift during the past 24 hours. 

Bitcoin Price Chart (Source: CMC)

According to CMC, the price of Bitcoin (BTC) is $20,226.13 with a 24-hour trading volume of $35,984,764,261 at the time of writing. However, BTC has increased by nearly 4.92% in the last 24 hours. Moreover, Bitcoin has a circulating supply of 19,145,237.00 BTC. 

The Sudden Price Surge

During the past week, Bitcoin witnessed a constant up and down in the crypto market. The coin suffered from a significant fall of around $18,702.59. However, BTC again turned to a gearing way with an impressive price surge. At the same time, Bitcoin holds 38.2% dominance in the market. However, Ethereum holds 20.4% dominance. 

Along with Bitcoin, the prominent altcoins are showing a green signal in the market. The second largest coin, Ethereum (ETH) is now trading at around $1,705.82 with a 24-hour trading volume of $20,356,191,216. ETH has increased by nearly 4.37% in the last 24 hours, as per CMC

Moreover, the other leading coins like XRP (4.86%), Cardano (3.63%), Solana (8.63%), Dogecoin (3.47%), and Shiba Inu (2.76%) also attained a sudden rise in the past 24 hours. Broadly, the major coins obtained a steady increase during the past 24 hours. 

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