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Bitcoin Trades Above $59k as the Broader Market Recovers from the Weekend Slump

Share on X icon · Published 1 year ago on September 3, 2024 · Hassan Maishera

Bitcoin is now trading above $59k per coin, up 3% in the last 24 hours as the broader market recovers following the weekend’s slump.

Bitcoin Trades Above $59k as the Broader Market Recovers from the Weekend Slump

TL;DR

  • BTC is up 2% in the last 24 hours, trading around $59k per coin.

  • Altcoins are also performing better following the weekend slump.

BTC Recovers Around $59k Following the Weekend Slump

The cryptocurrency market performed positively following the weekend slump. Bitcoin, the leading cryptocurrency by market cap, is up 3% in the last 24 hours. At press time, BTC is trading at $59,088. 

The positive performance comes despite traders anticipating a bearish September. With Bitcoin currently in the green, altcoins are also performing positively. Ether, the second-largest cryptocurrency by market cap, added 3% to its value over the last 24 hours and now trades at $2,521 per coin.

Binance’s BNB token is the best performer amongst the top 10 cryptocurrencies by market cap. BNB is up 6% over the last 24 hours and could rally towards $550 if the bulls remain in control. 

The total cryptocurrency market cap has increased to $2.07 trillion thanks to Bitcoin’s positive performance.

 

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Author

Read Hassan Maishera's articles →
Hassan Maishera
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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