• bitcoinBitcoin$63,849.001.63%
  • ethereumEthereum$3,302.145.97%
  • elrond-erd-2MultiversX$41.74-1.46%

Market Rebounds as Both Bitcoin and Ethereum Begin to Recover

The weekend is off to a great start as the price for Bitcoin recovered to the $41,000 level after two weeks of the price experiencing a decline.

On Friday, the price of Bitcoin went up by 14% and reached the $43,000 level.

As a result, the entire crypto market has begun to recover with the total market cap going up by 12% on Saturday. All altcoins in the top 10, except for stablecoins, experienced increases of over 6% across 24 hours, while Polkadot, Terra, and Binance Coin increased by double figures.

Ethereum broke the key resistance level and climbed back to $3,300. Only 12 days ago Ethereum hit a yearly low of $2,151 on Binance.

The next couple of days should indicate if Bitcoin has managed to recover or not.

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