Bitcoin Reaches $18K and Rebounds. Ethereum, Solana, Polkadot, XRP and Cardano track market rally

The cryptocurrency market started Monday (20) with a slight recovery from the weekend’s slump. Bitcoin, which once sold for $19,000, rose again and boosted other cryptocurrencies.

Although the sentiment is of distrust for further declines, some analysts remained optimistic with the rise in the currency’s price.

Bitcoin (BTC), the main currency on the market, reached its lowest level over the weekend. After selling for $18,739 overnight Sunday, Bitcoin is up about 5%. According to CoinGecko, around 9am BTC was already above the $20K resistance zone again. The current price of BTC is $20,801.66.

Ethereum, Bitcoin’s direct competitor, also rose again. Buoyed by the rise in BTC, ETH has reached 9.4% in profits in the last 12 hours. According to CoinGecko, the current price of ETH is $1,154.32.

The global cryptocurrency market cap has surged to the $885.71 billion mark, up more than 7% in the last 24 hours. However, total cryptocurrency trading volume dropped by around 11% to $79.09 billion.

Price of top cryptocurrencies today

With the new bullish wave of the market, the main altcoins also rose again. BNB, for example, increased its selling price by 4.2% to $216.03.

Cardano (ADA) also had its turn in profits and in less than 12 hours it has accumulated 8%. The coin that has been in one of god worst moments with BTC, was trading at $0.505487 around 9am.

Meanwhile, XRP is up 4.1% since its last drop this weekend. According to CoinGecko, the current price of XRP was $0.326924 at 9am.

Solana (SOL) had another broad movement in the market, rising 12% in the recovery. Meanwhile, Polkadot (DOT), the last cryptocurrency in the top 10, was close behind with a 9.8% recovery.

According to CoinGecko, the price of SOL was $36.44 around 9am, while the price of DOT was around $7.96.

Read also: Russia plans to mine Bitcoin using flare gas

Also Read: Trader Projects Future of Solana (SOL), Binance Coin (BNB), Avalanche (AVAX)

Also Read: NFT Platforms Multiply in China, Despite Government Warnings

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