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Bitcoin Rises Above $30K And UST From Terra Continues To Crash

Bitcoin Rises Above $30K And UST From Terra Continues To Crash

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Answer Bitcoin Rises Above $30K And UST From Terra Continues To Crash

After the drop that was recorded yesterday from Bitcoin which fell $29,000, the coin is back to perform well this morning as it reclaimed the $30,000 level.

Most of the cryptocurrencies are keeping calm with slight gains, while Litecoin and CRO have emerged as the biggest gainers today from large market cap cryptocurrencies.

Bitcoin Rises Above $30K:

It’s like Bitcoin got on a roller coaster last week.

Where the bitcoin fell to levels not seen since 2021 and a new historical record was recorded, which is the bitcoin closing of seven red weekly candles.

Bitcoin rebounded after visiting the $26,000 zones, jumping above $30,000.

Read:Many people buy the wrong APT coin before Aptos is listed…Apricot coin is taking advantage of the situation and is up 70%

While it was trading around $30 thousand levels, which it could not stay above for long, it returned to levels of $29,000.

But in the last 12 hours, the bulls managed to not allow any further declines in prices.

Where the cryptocurrency regained the level of $ 30 thousand, and it is still above this level and is getting closer to the levels of $ 31 thousand.

As a result, the market capitalization of Bitcoin has increased and is now estimated at more than $580 billion, while its dominance of cryptocurrencies remains at around 44.4%.

LTC and CRO lead the way:

Altcoins, which have experienced price fluctuations similar to Bitcoin in the past 10 days, remained relatively quiet on a 24-hour scale.

Ethereum dropped from $3000 to $1700 in days before regaining $2000 and has maintained that level ever since.

Currently at the time of publication, BNB is standing above $300 after sinking to $230 a few days ago.

Litecoin and CRO gained the most from the recent bounce in close increments of around 6%.

Terra’s deteriorating algorithmic stablecoin, which was supposed to be pegged 1:1 to the dollar, continues to crash as it dropped to $0.04 earlier today to come back and trade at $0.12.

Read:A new way for users of the “Brave” browser to exchange their digital currencies “BAT” after watching ads

The bounce in cryptocurrency prices has made the cryptocurrency market cap rise by about $40 billion a day and stand above $1.3 trillion.

Read also:

Terra Founder Officially Suggests Splitting From The Original Project (Hard Forking) To Reboot!

El Salvador Discusses Bitcoin Adoption With 44 Countries…Details Here


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