Hassan Maishera
TL;DR
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BTC is up 2% in the last 24 hours, trading around $59k per coin.
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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.
