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Bitcoin Tops $26,400 As Market Slightly Recovers

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

Bitcoin is up by less than 1% today and could rally towards the $27k mark as the market slowly recovers from its recent bearish trend.

TL;DR

  • Bitcoin is trading close to the $26,500 level as the broader crypto market slowly recovers. 

  • Bitcoin Cash outperforms the other major cryptocurrencies after rallying by 10%.

Bitcoin Nears $26,500

Bitcoin is seeing improved performance for the first time this week, with prices of most cryptocurrencies in the green zone. BTC is up by less than 1% and is currently trading close to the $26,500 mark.

There is no major catalyst behind the positive performance as the market rebounds from its recent bearish trend. Bitcoin Cash is the best performer amongst the top 20 cryptocurrencies by market cap, adding more than 10% to its value in the last 24 hours.

At press time, the price of Bitcoin Cash stands at $237. The bulls have now established strong support around the $228 region, and this could see Bitcoin Cash rally higher towards the $250 resistance level.

Toncoin, the native coin of the TON blockchain, has also continued its upward rally. TON surged by more than 4% in the last 24 hours and looks set to reclaim its position as one of the top 10 cryptocurrencies by market cap.

The total cryptocurrency market cap now stands at $1.05 trillion once again, up by 1% so far today.

 

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.