It has taken bitcoin 5 days to recuperate the most current losses and jump above $40,000. The majority of altcoins are well in the green, too, with Ethereum reaching $2,900 and BNB nearing $400.
Bitcoin Tops $40K
The primary cryptocurrency experienced numerous corrections in the past couple of weeks. The most recent started on Friday following more FUD from China. In a matter of hours, bitcoin fell from $42,000 to a daily low of $34,000.
The scenario worsened throughout the weekend, and BTC dropped to $31,000 on Sunday night. However, the bulls took charge at that point and reversed the trajectory.
Bitcoin started to increase in worth slowly and added a number of thousand dollars in a couple of days, as reported. In the past 24 hours alone, BTC went even further and jumped above $40,000 for the first time considering that Friday.
Since writing these lines, the cryptocurrency stands at just over $40,000, and its market capitalization is above $750 billion.