Bitcoin (BTC) Taps 7-Week Peak Close to $70K, Bitcoin Cash (BCH) Skyrockets 14% Daily

Bitcoin has added $1.13 trillion since November 2022 lows

Bitcoin’s price encountered resistance ahead of the coveted $63,000 level but remained above $60,000 after an immediate retracement. XRP, ETH, and SOL burnt tokens were in the red, while TON rose over 4%.

The weekend was painful for major cryptocurrencies. The sharp downward correction that began on Friday continued, dropping from $66,000 on Saturday to just below $60,000 on Sunday morning. It got even worse later on Sunday, falling to $57,000. However, on Monday, the cryptocurrency fell further to just below $50,000, its lowest price in six months.

At this point, the bulls finally intervened and did not allow the price to fall any further. BTC started to regain momentum, rising to $53,000 on Tuesday and $57,000 on Thursday. Another wave of rising.

Despite this, Bitcoin was unable to continue its rise and has since lost momentum. In fact, it fell to $60,000 but managed to hold this level and is now $700 above it. That's all you need to avoid missing out on the crypto market's surge.

DOGE, AVAX, SHIB, and ADA are also slightly down. Meanwhile, TON is up more than 4% and trading at the $6.7 level. The biggest gainer among mid-sized alternatives was CRO, up more than 9%. The total market capitalization of cryptocurrencies has fallen slightly over the past day and currently stands at $2.217 trillion in CG. Disclaimer: Information found on CryptoPotato is that of the cited writer. It does not represent CryptoPotato's opinion regarding buying, selling, or holding virtual currencies. We encourage you to conduct your own research before making any investment decisions. Please use the information provided at your own risk. Please see our disclaimer for more information. Source: Digital Coin News (digitalcoinnews.net)

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