Bitcoin has regained $30,000 on Tuesday after it had fallen to a 24-hour low of $29,100. The cryptocurrency was up 2.5% in the past 24 hours, and ether and other altcoins also rose. Ether climbed 1.3% to hold above $2,000. “There is potential for positive momentum in alts now, and the downside risk is limited, as most altcoins are still in limbo; you can think of it as a BTC take-profit and high-beta trade,” Matteo Bottacini, a trader at Crypto Finance AG, wrote in a morning note. Radix, a blockchain built to deploy the XRD token, has rallied 35% in the past 24 hours, and Arbitrum’s ARB gained 10%.
Source: https://www.coindesk.com/markets/2023/04/18/first-mover-americas-bitcoin-regains-30k-as-alts-heat-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines