Bitcoin Tops $63k as Market Bounces from Recent Low

TL;DR

• BTC is trading above $63k after adding more than 4% to its value over the weekend.

• Altcoins are also trading in the green, with most of them up by 5% and above.

BTC Surpasses $63k as Bulls Reclaim Control

Bitcoin is trading in the green zone again after enduring a tough couple of days. The world’s leading cryptocurrency by market cap is up by more than 4% in the last 24 hours and is now approaching a key resistance level above $64k.

At press time, BTC’s price stands at $63,336, up by 4.3% in the last 24 hours. There is no major catalyst behind Bitcoin’s latest bullish movement, as bulls reclaim the market following last week’s bearish performance.

With Bitcoin now above $63k, most altcoins are also trading in the green, with many of them bouncing from their recent lows. Ether, the leading altcoin and the second-largest cryptocurrency by market cap is up by 3.7% in the last 24 hours and is currently trading at $3,485.

Solana’s SOL is the best performer amongst the top 10 cryptocurrencies by market cap, adding 10% to its value over the last couple of hours. Trading at $148 per coin, SOL is currently up by 19% in the last seven days, outperforming the other major cryptocurrencies except Avalanche (up by 23% in seven days). 

Thanks to Bitcoin and altcoins rallying higher, the total cryptocurrency market cap has topped $2.3 trillion. Up by 4% in the last 24 hours, the total crypto market cap now stands at $2.33 trillion.