Bitcoin Climbs After Fall Below $50,000

• The global crypto market is up by 8% in the last 24 hours after last weekend’s fall

• The market has been led by Bitcoin’s resurgence, as it gained 5% to move to $52,718

• What was termed a “healthy correction” saw BTC drop from $63,000 to $46,000 within a week

The crypto market recorded stellar gains on Monday as the recent price fall attracted new investors.

In the last 24 hours, the global crypto market has gone up by more than 8%.

The world’s largest cryptocurrency, Bitcoin gained 5% to move to $52,718 in the early hours of Monday.

The bounce back is coming after a “healthy correction” cause the coin to fall from $63,000 to $46,000 in just a few days.

BTC’s lowest point since early March attracted investors who are looking for gains.

Apart from BTC, Ethereum is one of the also record gains on Monday morning.

Read also: George Residence Becomes the First Hotel to Accept Bitcoin in Nigeria

The world’s second-largest cryptocurrency moved up by 10% to $2,454, slightly below its all-time high.

Other cryptocurrencies to experience gains include Binance Coin, Cardano, and Litecoin.

Follow Naija.fm on our social media handles Facebook, Instagram, and Twitter to keep up with trending news, breaking news, entertainment news, and hot gist.