Bitcoin Rallies Towards $68k Following Last Week’s Poor Performance

Twitter icon  •  Published 2 महीने पहले  •  Hassan Maishera

Bitcoin is up by more than 4% in the last 24 hours and is trading above the $67k mark once again as the broader market rallies higher.

TL;DR

  • Bitcoin is up by 4% in the last 24 hours and is now trading at the $67k region.

  • The world’s leading cryptocurrency by market cap underperformed last week after ETFs posted their first week of net negative flows since late January.

BTC Eyes $68k as Altcoins Also Rally Higher

Bitcoin, the world’s leading cryptocurrency by market cap, is starting the new week on a positive note. BTC is up by more than 4% in the last 24 hours and is now targeting the $68k region.

At press time, Bitcoin’s price stands at $67,013. If the momentum is maintained, BTC could be closing in on the $68k level in the coming hours. The positive performance comes following last week’s loss.

Bitcoin ended last week trading below the $64k level. Last week’s poor performance was attributed to U.S.-listed spot bitcoin ETFs recording their first week of net negative flows since late January.

With Bitcoin rallying, altcoins are also performing well. Ether, the second-largest cryptocurrency by market cap, is up by nearly 4% so far today and is trading close to $3,500 once again.

Internet Computer (ICP) is the best performer amongst the top 20 cryptocurrencies by market cap. ICP is up by 22% in the last 24 hours and is now trading at $17 per coin. ICP has overtaken NEAR, UNI and LTC to take the 18th spot in the market.

 

Next article Stablecoin Issuer Tether Launches Synthetic Dollar Backed by Tokenized Gold

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.