Bitcoin Blows The Highest Daily Candle Since Last 24 Days

The crypto market and Bitcoin are now in a new phase after weeks of enduring a decline. Prices have seen a positive change in recent days. Nearly all cryptocurrency assets are showing impressive northward movement.

The primary cryptocurrency’s moves to reclaim its value are admirable. Bitcoin reached $20,000 as more gains were made. Additionally, the token closed the daily candle that crossed the critical threshold.

The altcoins also show significant improvement with positive trading movements in the last few hours.

Bitcoin closes daily candle above $20K

Bitcoin is at the $20K mark. BTC fell below the $20K mark over the past weeks because of the bearish pull that the crypto market has experienced. However, the crypto currency’s leading asset has begun to regain its value over this past week.

Bitcoin finally saw a daily candle close above $20,000, for the first-time since September 17th. The token is now stronger than ever, with its daily closes at $20,000 and $18,000 respectively for the past few months. Additionally, the new position marks the highest daily close to Bitcoin for almost 24 days.

Many people are excited about the recent price movements in crypto. Many observers are anxious to see if BTC can sustain this level of growth.

BTC trades at $20,247 as of the writing of this article, which indicates a 0.44% increase in trading volume over the last 24 hours. Its market capitalization has increased to $385.8billion. Also, BTC’s dominance over the altcoins sits at about 40.19%, with a rise of 0.23% within the past day.

Bitcoin Blows The Highest Daily Candle Since Last 24 Days
Bitcoin surpasses the $20,000 mark on

Many Altcoins gained with GMX as top performer

A bullish trend is also evident in the wider crypto market. In the last few days, altcoin’s value has risen.

Although most altcoins appear to be in green, some haven’t seen a significant increase in their value in the last 24 hours. Dogecoin and Ripple are the two top-ranked crypto assets in terms of market capital. These two assets posted 6.2% and 3.6% increases in their values.

GMX, which is the native token for the GMX cryptocurrency proved to be one of the best performers among altcoins in the last 24 hours. This token saw a more than 30% rise in its value. At press time, it is currently trading at $55.27.

It is possible that GMX’s performance could have something to do with Binance’s recent announcement of listing the token in the innovative zone. EVMOS came out as the largest loser. EVMOS lost more than 4 percent in the past 24 hours.

All cryptocurrencies have played a significant role in bringing the total market capitalization up to $960.13 million. This number has increased by 0.34% in the 24 hours since last night.

Featured Image from Pixabay,

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