Following another price dip to sub-$60,000 levels, bitcoin has bounced off and is currently close to $63,000. Most alternative coins have also charted gains in the past 24 hours, with the total market cap recovering more than $130 billion.
Bitcoin Eyes $63K
Following last week’s all-time high, when bitcoin topped $67,000, the asset started decreasing in value. This resulted in losing $7,000 in a few days.
BTC dropped below $60,000 several times, and the same transpired during the weekend. The latest such drop came hours ago when the cryptocurrency dipped to its lowest price point in over a week at $59,400 (on Bitstamp).
Since then, though, the landscape has changed. BTC bounced off and quickly reclaimed $60,000. It continued upwards and has added more than $3,000 of value.
As of now, BTC is close to $63,000, and its market capitalization has neared $1.2 trillion once again. Its dominance over the altcoins has increased slightly in a day to 45.5%.