The crypto market cap is back above $1.6 trillion for the first time since mid-June as bitcoin reached its highest price line since May.
This week Bitcoin surged by an impressive 20%, ending weeks of prolonged consolidation and choppy price action, leaving millions of short positions liquidated.
The altcoins have been on a roll since yesterday led by impressive gains from Solana, Ripple, Bitcoin Cash, and Uniswap. Bitcoin stands still around $40K.
Bitcoin seems to have cooled off a bit around $40K. RUNE, on the other hand, is on fire throughout the past 24 hours.
Bitcoin is once again testing the coveted $40K level in an attempt to push through. Ripple's XRP, meanwhile, jumped 15% on the day.
The entire market is painted red today. This comes after Amazon denied the rumors of planning to accept BTC this year.
Bitcoin charted a massive weekly close, signaling a potential trend reversal. The rest of the market is also painted green.
The cryptocurrency market capitalization is close to $1.5 trillion once more as bitcoin spiked to just shy of $35,000.
Over the past 5 days, Bitcoin's price recovered by more than 15% and is on track of testing $34K. Meanwhile, the entire market is painted in green today.
In a very eventful week, Bitcoin managed to ultimately recover above $30K following the highly-anticipated discussion between Jack Dorsey, Cathie Wood, and Elon Musk.