The biggest question for Bitcoin (BTC) is whether the recent drop to the $30K range was a regular event, or a concerted effort to depress prices. BTC trading picked up in the new week, sending prices above $39,000, with a growth of more than 12% in a single day. BTC markets showed they are still capable of a fast recovery, once again setting BTC to seek a new price direction.
BTC prices expanded to above $39,500 within minutes on Monday, as trading volumes also picked up to above $43B in the past 24 hours. BTC moves within the range of hundreds of dollars, touching $39,535, with the potential to expand to $40,000 within a short timespan.
Altcoins only grew passively, with most adding about 10% to their price on the back of the BTC rally. ETH market prices remained close to $2,500 despite slower activity in decentralized finance.
In the past days, BTC trading also got a boost from several bullish factors suggesting at expanded adoption. Read Full Story
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