After several consecutive days of freefalls, bitcoin bounced off and added a few thousand dollars. Most altcoins are slightly in the green as well, with Waves and Theta being the most substantial gainers following double-digit increases.
Bitcoin Eyes $39K
The past week or so was quite bearish for the primary cryptocurrency after the asset failed to overcome $45,000 on March 2. In the days that followed, BTC was gradually losing value before it tanked below $40,000 on Friday evening.
The situation worsened during the weekend as bitcoin consolidated around $39,000. It tried its hand at $40,000 on Sunday but was quickly stopped in its tracks.
This led to more price drops, with the latest one coming yesterday. This time, BTC slumped to just over $37,000, which became its lowest price point since February 28.
Since then, though, the bulls arrived at the scene and pushed bitcoin north. As of now, the asset stands close to $39,000 after a near 2% daily recovery. Nevertheless, its market capit
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