Bitcoin Hits $39K
In the last 24 hours, Bitcoin has experienced a significant surge, reaching a new 19-month high of $39,000. This positive momentum has also influenced the performance of altcoins like SOL, ETH, and ADA.
BTC’s Journey to $39K
At the start of the week, Bitcoin faced some challenges as it dropped below $37,000. However, by Wednesday, it managed to surpass $38,000 multiple times. On Friday, Bitcoin continued its upward trajectory and reached $39,000, a price level not seen since May 2022. Despite a slight decrease afterwards, Bitcoin remains close to this milestone.
This recent rally is accompanied by MicroStrategy’s substantial Bitcoin purchase and has boosted Bitcoin’s market cap to nearly $760 billion.
LINK’s Impressive Performance
While most altcoins have seen minor gains, Chainlink (LINK) has stood out as the top performer among larger-cap alts. It has surged by over 7% and is now trading above $15.
Other mid-cap alts worth mentioning include NEAR, RUNE, FIL, IMX, and KAS.
Total Crypto Market Cap Rises
The overall crypto market cap has increased by more than $10 billion in the past 24 hours and currently stands at $1.460 trillion on CMC.
Hot Take: Bitcoin Soars to New Heights
Bitcoin’s recent surge to $39,000 marks a significant milestone for the cryptocurrency. The market has responded positively to this upward movement with altcoins also experiencing gains. The strong performance of Chainlink further demonstrates the overall bullish sentiment in the crypto space. As the total crypto market cap continues to rise, it indicates growing confidence and investment in the industry. The coming days will be crucial in determining whether Bitcoin can reach the $40,000 mark and beyond.
By
By
By
By
