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Bitcoin rallies back above USD21,000

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

They also tweeted, stating that investing in Bitcoin has bigger opportunities

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.