By Alicia Maher
Bitcoin’s value recovered by over 15% in the past five days, aiming at $34K today. Meanwhile, Saturday has most cryptocurrencies painting the market green.
Bitcoin seems to ride the crypto waves smoothly over the past few days. Such price movements come after the B-Word meeting. The event had Jack Dorsey, Cathie Wood, and Elon Musk making bullish comments on BTC. As a result, the leading virtual currency trades 15% high within five days. At the moment, Bitcoin seems to prepare for upticks, testing the $34K mark.
Bitcoin Gains 15%
Although Bitcoin had few activities at the start of the week, the previous sessions have proven turbulent in the asset’s price.
Keep in mind that the digital coin’s value dropped to near $29,200 on Tuesday. That led to panic and fear in the market. Fortunately, the price reversed within no time.
The awaited B-Word meeting took place on Wednesday, having the three prominent figures discussing Bitcoin. The best thing is that both supported Bitcoin. For instance, Elon admitted that he holds ETH, BTC, and DOGE. He further declared that Tesla might resume Bitcoin dealings with time.
The conference catalyzed the recoveries that are taking BTC to the $34K mark at the moment. While writing this content, the best digital coin by market capitalization trades at $33,700, surging over 15% since its Tuesday lows.
Alts Capitalize Also
Various alternative coins managed to register significant gains over the last 24 hours. For example, Ethereum surged around 3.5% daily as it aims to overcome $2K. ADA with 2.5 % increase and XRP 2.14% up followed with gains as well.
Altcoin gained some ground as far as market share is concerned over the last five days. That comes as BTC’s dominance dropped by around 1%.
Crypto enthusiasts now suggest that the green market will extend through the entire weekend. Keep in mind that some alternative coins continue to register higher highs. To hit the nail on the head, AXS has managed to achieve its ATH on Friday over $47.
Do you think that Bitcoin will extend its price movements with new highs? Share your opinions below.