Following a few days of consecutive price drops, bitcoin went on the offensive once more and neared $38,000. Most altcoins are also in the green today, with impressive price recoveries from Binance Coin, Dogecoin, Avalanche, MATIC, CRO, NEAR, and others.
Bitcoin Eyes $38K
The primary cryptocurrency slumped by more than $10,000 in a few days from January 20th to January 24th when it dumped to its lowest price point since late July below $33,000.
This resulted in a large number of liquidations for over-leveraged traders and harmed the overall sentiment for the entire crypto market. Since that low, though, the asset reacted well and started to recover some of the lost ground gradually.
As reported yesterday, bitcoin shot up by about $4,000 and tapped $37,000. In the following hours, the cryptocurrency retraced by $1,000 before it went on the attack again. This time, it touched $38,000, where it’s situated now as well.
As such, its market capitalization has reclaimed the $700 billion tag
We współpracy z: https://cryptopotato.com/bitcoin-tests-38k-as-matic-explodes-10-market-watch/
