Crypto Currency News

Bitcoin price continues to recover

The crypto market goes through delicate hours in the middle of its recovery

Slowly and smoothly, Bitcoin (BTC) continues to recover. The leading crypto currency grew just 2% in the past 24 hours, but continues to show no decline after last week’s sharp pullback. At the close of this note, the price of BTC is $ 54,859.

The crypto market is going through delicate hours in the midst of its recovery. The news of the day, once again, had to do with the CEO of Tesla, Elon Musk. The tycoon, who made investments from his company a few months ago, was accused on social networks for having taken advantage of the growth of BTC, since it was known that he sold some crypto currencies in recent days.

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Fortunately, the rumors did not have a significant impact on the market and Musk himself clarified the situation. As he did when he made his corporate turnarounds, the businessman reaffirmed that Tesla’s business strategy aims for the long term, explaining that recent sales were aimed at “demonstrating the ease of liquidity” of the market.

As for the altcoin market, Ethereum (ETH) shone again. The second largest crypto currency on the market once again touched historical highs, and at the end of this note its price is USD 2,650, after a jump of 6% in the last 24 hours.

The altcoin with the highest daily growth was XRP. Ripple’s token hit $ 1.40 after a 12% rally.

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Cardano (ADA) and Litecoin (LTC) grew at the same pace as ETH and reached a price of USD 1.30 and USD 259. Binance Coin (BNB) and Polkadot (DOT) were up 5%, trading respectively at USD 562 and USD 34.09. Dogecoin (DOGE), meanwhile, was just up 1% to $ 0.27.

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