Bitcoin Rally Halts as Quickly as it Started

There is a lot of momentum taking place within the cryptocurrency space these days. Bitcoin’s price momentum over the past few days has been interesting to watch, as it benefits the entire cryptocurrency industry.

The year 2020 has been a bit of a mixed bag for Bitcoin and all other cryptocurrencies.

Cryptocurrency Market cap Recovers Slowly

Despite initial promising price momentum, the markets crashed during the coronavirus crisis.

This week, it appeared that the dip had finally been overcome, although some of the bullish momentum has eroded once again.

Bitcoin, for example, peaked at $9,388, yet now trades $600 lower once again.

All things considered, the overall cryptocurrency market cap is in a good place.

Following the recent surge, it now sits above $244 billion, after dropping to $183.5 billion a month ago. 

As such, the current turn of events is still very promising,, although the bears may region control for a while.

As long as Bitcoin can remain above $8,500, there is no reason for panic.

Other cryptocurrency markets are moving up nicely as well, including Ethereum and XRP.

It will take a while before the entire crypto market cap moves above $300 billion again, however.

Stimulus packages associated with the coronavirus may help the entire industry recover accordingly, although that remains to be determined.

44 Comments

  1. PG April 26, 2021
  2. viagra levitra and cialis April 30, 2021
  3. Jerilyn Heuer May 7, 2021
  4. John Rizzo May 7, 2021
  5. Alex Baxter May 7, 2021
  6. Melanie Case May 8, 2021
  7. Helen Pappas May 8, 2021
  8. ErichGaw May 8, 2021
  9. Rich Enger May 8, 2021
  10. George Segovia May 8, 2021
  11. Walter Lodge May 8, 2021
  12. CarlosFuh May 8, 2021
  13. Thomas Boyer May 8, 2021
  14. Barbara Munsell May 8, 2021
  15. Michele Stram May 8, 2021
  16. BruceDrymn May 8, 2021
  17. Gertrude Gonzalez May 8, 2021
  18. Elsie Itson May 8, 2021
  19. DavidKer May 8, 2021
  20. Barbara Williams May 8, 2021
  21. Norma Smith May 8, 2021
  22. Tobiascep May 8, 2021
  23. Maria Boyer May 8, 2021
  24. Guy Napier May 8, 2021
  25. Martha Hutson May 8, 2021
  26. Harrisgok May 9, 2021
  27. Wally Davis May 9, 2021
  28. Joseph Lewis May 9, 2021
  29. Israel Hoover May 9, 2021
  30. MiltonFeepe May 9, 2021
  31. David Willis May 9, 2021
  32. Yvonne Hjerpe May 9, 2021
  33. JackieStula May 9, 2021
  34. Roger Rosa May 9, 2021
  35. Carlos Williams May 9, 2021
  36. Martin Botello May 9, 2021
  37. Michaelmib May 9, 2021
  38. Nathan Lopez May 9, 2021
  39. Joyce Briner May 9, 2021
  40. Kimberly Benfield May 9, 2021
  41. Richard Baum May 9, 2021
  42. Jimmy Garcia May 9, 2021
  43. Davidmes May 9, 2021
  44. JamesEphem May 9, 2021

Leave a Reply