In the past 24 hours, despite the negative expectations of most investors towards Bitcoin, the crypto market has recovered by $12 billion from $216 billion to $228 billion.
The Bitcoin price has surpassed a key resistance level at $7,000 after breaking out of the $6,800 mark, which as several widely recognized cryptocurrency traders emphasized, was crucial for the short-term recovery of Bitcoin.
If Bitcoin had failed to surpass beyond the $6,800 mark, a minor correction could have been initiated, potentially leading the dominant cryptocurrency back to low $6.000. Instead, with a solid spike in volume and newly gained momentum, BTC has recovered to $7,000 bringing tokens with it.
Author: Temitayo Olojede , firstname.lastname@example.org