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Cryptocurrency

Bitcoin Continues Bullish Run, Up 65% in Last 3 Weeks

Bitcoin Continues Bullish Run, Up 65% in Last 3 Weeks

  • Bitcoin continued its upward movement on Saturday morning, breaking past $48,000, an increase of over 3%
  • The flagship cryptocurrency has gained more than 65% of its value since falling below $30,000 3 weeks ago
  • Altcoins such as Ethereum and Binance coin are also up but Cardano was the biggest gainer among the top coins, gaining an extra 10% in the last 24 hours

Bitcoin continued its upward movement on Saturday morning as the flagship cryptocurrency move above $48,000.

Bitcoin

The latest rally is part of a bullish movement that has seen the world’s largest cryptocurrency by market cap gain more than 65% in the last 3 weeks.

The primary cryptocurrency dropped below $30,000 on July 20th, leading many to believe that a long term bearish movement was imminent.

It however was not to be so, as Bitcoin regained the $30,000 position and it has been on an upward trajectory since then.

At the moment, the flagship cryptocurrency has retracted to $46,400 but it maintains a market cap of $900 billion.

Altcoins have not been left out of the bullish run, with most of them adding to their value in the timeframe.

Read also: Lionel Messi Becomes First Footballer to Receive Cryptocurrency in his Contract

In the last 24 hours, Ethereum gained more than 2.5% as the second biggest cryptocurrency moved upward of $3,300.

Other coins such as Binance coin, Polkadot, and Dogecoin gained 3, 4 and 6% in the same time.

Cryptocurrency

Among the biggest gainers, Cardano and Ripple moved up by over 10% and 12% respectively.

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