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Bitcoin Rallies To The $26,500 Level As Bulls Remain In Charge

Twitter icon  •  Published il y a 7 mois  •  Hassan Maishera

Bitcoin is trading above the $26,500 mark after adding more than 1% to its value, with the broader cryptocurrency market performing positively this week.

TL;DR

  • Bitcoin crossed the $26,700 mark on Thursday before settling around the $26,500 level.

  • The broader cryptocurrency market has been performing well since the start of the week.

Bitcoin Touches The $26,500 Level

Bitcoin, the world’s leading cryptocurrency by market cap, has continued its positive performance this week. The cryptocurrency added more than 1% to its value in the last 24 hours, briefly touching the $26,700 level before slightly retracing.

At press time, the price of Bitcoin stands at $26,578, up by more than 1% in the last 24 hours. There is no major catalyst behind this latest positive performance, with the bulls firmly in charge of the market at the moment.

Bitcoin’s positive performance also saw several altcoins rally higher. XRP and TRX are the best performers amongst the top 10 cryptocurrencies by market, both adding more than 3% to their values over the last few hours. 

Bitcoin Cash outperformed the other major cryptocurrencies after adding 8% to its value in the last 24 hours. At press time, the price of Bitcoin Cash stands at $216.77 per coin.

The rally also benefited the broader cryptocurrency market, with the total cryptocurrency market cap now at $1.05 trillion.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.