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Bitcoin Stays Above $34k After Its 14% Rally Last Week

Twitter icon  •  Published 2 years ago on October 30, 2023  •  Hassan Maishera

Bitcoin is up by less than 1% in the last 24 hours and continues to trade above the $34k level after last week’s rally.

Bitcoin Stays Above $34k After Its 14% Rally Last Week

TL;DR

  • Bitcoin is up by less than 1% in the last 24 hours and is now trading above $34,300 per coin.

  • The world’s leading cryptocurrency by market cap rallied by 14% last week.

Bitcoin Maintains Price Above $34k

Bitcoin, the most valuable cryptocurrency by market cap, has maintained its price above the $34k level. It is up by less than 1% in the last 24 hours and is currently trading above $34,300 per coin.

BTC rallied by 14% last week, outperforming the major altcoins in the market. The broader cryptocurrency market experienced a positive performance last week, with the total cryptocurrency market cap now around $1.25 trillion.

NEAR, ICP, INJ, GRT, RNDR, RUNE, AXS, MANA, NEO, MINA, CFX, APE, PEPE, DYDX, WOO, ROSE, and FLOKI are the top altcoins that outperformed Bitcoin last week. All these altcoins added more than 20% to their values last week and are all trading in the green zone at the moment.

Ether, the second-largest cryptocurrency by market cap, failed to stay above the $1,800 mark and is currently trading at $1,785 per coin.

 

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Author

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Hassan Maishera Senior Reporter

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.

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