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Bitcoin Trades Above $26k After Adding Nearly 2% To Its Value

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

Bitcoin added 2% to its value to trade above the $26k level for the first time this week as major altcoins also rallied higher.

TL;DR

  • Bitcoin is trading in the green zone for the first time this week.

  • The broader cryptocurrency market has seen an improved performance over the last 24 hours.

BTC Moves Above The $26k Mark

Bitcoin, the world’s leading cryptocurrency by market cap, is up by nearly 2% in the last 24 hours. This comes after BTC underperformed over the past few days. 

At press time, BTC is trading close to the $26,200 mark, up by 1.8% over the past 24 hours. This is the first time Bitcoin is trading in the green zone since its 5% crash late last week. 

With Bitcoin trading in the green zone, most altcoins followed suit. XDC Network is the best performer amongst the top 50 cryptocurrencies by market cap, adding more than 5% to its value over the last 24 hours. 

While Bitcoin rallied higher, some major altcoins underperformed. Polygon (MATIC) and Toncoin (TON) both lost 3% of their values over the last few hours despite the market performing well.

The total cryptocurrency market cap has increased to $1.05 trillion following Bitcoin’s positive performance. There was no major catalyst behind this latest performance as Bitcoin continues to be stuck in a ranging market.

 

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.