- For the first time since June 16, Bitcoin hit $39,000
- Crypto experts credited this recent bullish to Twitter CEO and Tesla (NASDAQ:TSLA) CEO comments
For the first time in 6 weeks, Bitcoin hit $39,000. This means BTC went bullish following a recent sell-off.
Sunday evening, the crypto was trading at around $39,544.29, according to CoinMarketCap data. As a result, Bitcoin is up 12.00% in the last 24 hours.
Following this, other coins also reacted to the BTC price surge. Altcoins like Ether, Cardano, XRP, Dogecoin went up 8.5%, 12.91%, 9.84%, and 13.89% respectively. The whole crypto market added $114 billion, according to CoinDesk data.
In addition, this price surge comes after Bitcoin fell below $30,000 last week. BTC was trading at $29,755.10 at that time. This was the first time in 4 weeks the world’s largest crypto was below the above-mentioned price. According to Wall Street analysts, it was a result of a panic sell of cryptos.
However, since mid-May, the price of Bitcoin...