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.
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.