Some times the crypto market was seen saddened by several attempts by Bitcoin (BTC) to maintain the $ 30k trading level. But in the early days of this week, the crypto market began to recover. . In the past 24 hours, total capitalization has increased by about $ 60 billion with most cryptocurrencies starting to make a surge.
At the time of writing the Bitcoin price was trading around $ 30,551.65 on CoinMarketCap, up 4.50% over the past 24 hours.
But it should be noted that in the last week, BTC has closed at a low trade. This makes the ninth week of BTC closed lower in a row A rare thing in the history of the crypto market.
Analysts believe that among the factors driving the price spike in the crypto market is a tweet from Elon Musk where he plans to allow payments in the cryptocurrency Dogecoin (DOGE) in making purchases of SpaceX goods.
With that the ‘whales’ group has started making purchases to add holdings based on positive sentiment. Cryptocurrencies like Ethereum are up 6.5%, while SOL is up more than 8%.
Overall, the market has grown by $ 60 billion in the past 24 hours. Waima saw a recovery, the market remained in a state of extreme fear. The market continues to be vigilant and monitor the trading flow of the crypto market.
