The exchange rate of the oldest and biggest cryptocurrency, Bitcoin, has returned to $21,000 after dropping to $16,000 over the weekend.
Ethereum was up 7%, while Solana had gained 15% and Avalanche 12%. This unexpected comeback was mostly due to a lack of sales volume on centralized exchanges.
Bitcoin gained more than 4.5% in the last 24 hours. If the gain continues, the closest resistance would be at $23,300.
Cryptocurrency has seen huge fluctuations in value in the last few months alone. It reached an eight-year high of $18,000 per Bitcoin in 2017, according to Consumer Reports, but immediately dropped in price just days later.
MMcrypto, one of the famous cryptocurrency Youtube channels, tweeted
#BITCOIN IS COILING UP!
— MMCrypto (@MMCrypto) June 21, 2022
They also tweeted, stating that investing in Bitcoin has bigger opportunities
You’ll never get bigger opportunities then in a #Bitcoin bear market. This is where foundations are build.
— MMCrypto (@MMCrypto) June 21, 2022
At the time of writing, the Bitcoin (BTC) price was $21,120.5 with a gain of $1064.0, a rise of 5.30% from the last 24 hours. The market cap increased to $403.58 billion today.
