Crypto Currency News

Bitcoin Price Shows Signs of Reaction and Touches $ 42000 and Ethereum recovers 17%

The crypto market again experienced green numbers.

Bitcoin (BTC) again gave bullish signals today. The leading crypto currency seems to have started the road to recovery after a black Wednesday, where it registered the biggest drop of the year. 24 hours after hitting lows near $ 31,000, the price of BTC surpassed $ 41,000. As of press time, it was partially down and is trading at $ 39,899.

After a day characterized by massive profit taking, sharp falls and panic in the crypto community, volatility finally gave way to the green numbers and the market has shown plenty of signs of recovery with jumps that reached 70% in question. Hours.

The jump of BTC reached USD 42K, which refers to the highs of February. Many specialists suggest that what happened in March 2020 has been repeated, when BTC fell by 50% on the day all world markets crashed. From that moment, until the end of the year, the price of BTC multiplied by 10.

Thinking of a BTC price of USD 400,000 by the end of the year would be somewhat fanciful, but what there is general optimism is that the leading crypto currency still has all-time highs to be discovered in 2021. So far, the ATH took place on April 18, when it traded above $ 64,000.

Ether (ETH), meanwhile, accompanied the rise of BTC and almost surpassed the USD 3K barrier again. However, in the last hours it corrected again and, at the close of this publication, it is trading just below USD 2,700.

The rest of the altcoins had, for the most part, big jumps. This morning Internet Computer (ICP) registered a daily jump of 70%, which after stabilized at less than 40%. The new token is trading at $ 169.

Cardano (ADA) grew 10% to $ 1.80, followed by Polkadot (DOT), which climbed to $ 28.04 after rising 5%. Binance Coin (BNB), Dogecoin (DOGE), and Litecoin (LTC) grew 2% to $ 383, $ 0.39, and $ 208, respectively.

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