Following a couple of weeks of consolidation and correction, the cryptocurrency market is starting to heat up again. Most of the coins are trading well in the green, pushing the total capitalization to just shy of $2.8 trillion.
Bitcoin’s price recorded an impressive performance, increasing by around 10% in the past seven days. It is currently trading at around $70,000, where it seems to have solidified throughout the past few days.
The increase started at the beginning of the week when BTC started pushing toward $66K on Monday. It wasn’t long after that when it was able to increase above that level and reach $70K shortly after. The bulls attempted to push the price above $72K but fell short. Nonetheless, the primary cryptocurrency saw notable gains.
This also helped the rest of the market, most of which is trading well in the green. For example, Ethereum recorded an increase of more than 6%, while Binance Coin (BNB) even slightly outperformed Bitcoin – it’s up by 10.6%.
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