Bitcoin Surpasses $40K Following Massive Volatility, Markets Add $80B Overnight (Market Watch)

Bitcoin was reminded of the price spikes and roller-coaster movements, but has since recovered $40,000. Many altcoins are in the green, with Ethereum charging at $2,700.

Bitcoin is now worth more than $40K

Except for a few minor movements up or down, bitcoin was relatively calm over the past few days. It stood at $39,000 most of the time. It all changed within the last 24 hours.

Before it skyrocketed from $3,000 to $42,000, the asset traded at or near that level. It fell quickly, and it returned to $39,000. This resulted in more than $200 million in liquidations for traders who were over-leveraged.

However, the bulls regained market control and drove BTC north again. Although the gains were slower, bitcoin still managed to regain $40,000. The cryptocurrency currently stands at $40,500. Its market capitalization has risen to well over $750 billion.

BTCUSD. Source: TradingView
ltcoins See Green

Alternative coins have also struggled over the past few days, with little to no decisive movement. However, now green dominates.

With a daily increase in Ethereum of 6%, it is one of the top cryptocurrency exchanges. After dropping below $2,500 earlier in the week, Ethereum has now reached $2,700.

Similar increases were seen in Solana and Polkadot. They trade at $83, $18, $80 and $80 respectively.

Binance Coin and Ripple have experienced modest gains, but they are still in green. Fantom, EGLD and other altcoins with lower and mid-caps are among the top performers with double-digit jumps.

After falling below $1.7 trillion, the crypto market cap has risen by $80 billion per day.

Cryptocurrency Market Overview. Source: Quantify Crypto
Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami