Bitcoin and crypto assets are making a remarkable recovery today and markets are up almost $14 billion in under 24 hours.
Bitcoin Leading Crypto Markets
A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to Tradingview.com and a slight pullback has occurred over the past couple of hours.
The 7% surge has been extremely bullish for the rest of the crypto market as around $14 billion has been added to its total capitalization taking it to a seven-week high of $215 billion.
Since the beginning of the year, bitcoin and crypto asset markets have grown by 16% as technical signals are flipping bullish once again.
Altcoins are mostly in the green today with some pumping double digits but heavy resistance still looms ahead. Trader…
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