TL;DR
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Bitcoin is trading in the green zone for the first time this week.
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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.