The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above K, while many altcoins are charting impressive returns. Bitcoin Pokes Above K Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined to K earlier in yesterday’s morning trading session. It was able to chart a local daily high at ,400 on Bitstamp but has since then declined to where it currently trades at ,600. This is still an impressive performance, and the bulls might be consolidating now in preparation for a new rally toward the K level. Source: TradingViewWhen zoomed out on an hourly view, the price looks to have returned on an
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The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above $67K, while many altcoins are charting impressive returns.
Bitcoin Pokes Above $67K
Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined to $63K earlier in yesterday’s morning trading session.
It was able to chart a local daily high at $67,400 on Bitstamp but has since then declined to where it currently trades at $66,600. This is still an impressive performance, and the bulls might be consolidating now in preparation for a new rally toward the $70K level.
When zoomed out on an hourly view, the price looks to have returned on an uptrend, and it is interesting to see if it will take Bitcoin to $70K, which seems to be the next important level.
Altcoins in a Sea of Green
It’s not just Bitcoin that’s charting impressive gains—it’s the entire market. As seen in the heatmap below, all of the large-cap altcoins are up considerably.
Some of the more notable performers include DOGE, which managed to chart an increase of around 7.3%, SOL – up almost 6%, AVAX – up 5.4%, NEAR – up more than 6%, and so forth.
SEI and ORDI are today’s top performers, up 18.5% and 16.4%, respectively. POPCAT and BONK are the memecoins that did best, up 16% and 13.2%.
It’s interesting to note that all of the top 100 cryptocurrencies by means of total capitalization are in the green, showcasing the strength of the market in the past 24 hours.