Major cryptocurrencies continue to recover from last week’s lows

Bitcoin continues to hold above $20,000, trading at around $20,400 this morning.

The leading cryptocurrency is now up more than one per cent over the past 24 hours and five per cent over the past seven days, as it continues to recover from last week’s dip below the psychologically important $20k mark.

After earlier in the month appearing to recover its grip over the market, Bitcoin’s dominance has since dropped back from 48 per cent to around 43 per cent as other major cryptocurrencies have recovered at a faster rate.

Also Read: Bitcoin: Buy The Dip Or Hold Your Cash?

The price of Ethereum, the second-largest cryptocurrency by market cap, is up three per cent this morning to $1,170. Other major cryptocurrencies – including Solana and Cardano – are also up around three per cent since this time yesterday.

Again, crypto markets seem to be tracking major equity markets as they’ve done far more often than not in recent months. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average all closed up, albeit slightly.

This article was culled from cityam.com