Bitcoin Has Reverted to the Bulls, Trading at a 5% High

• The Global Crypto market has increased to 5.2% in the last 24 hours at $1.02Trillion.
• Bitcoin is currently trading at $20,190.33 since moving up by 4.38% as of the time of writing.

Bitcoin, the world’s first and largest coin, has gradually turned bullish, rising in value by nearly 5%. Ethereum has gained nearly 11% as well, and the entire cryptocurrency market is rehabbing and moving into the green candle march.

The market has indeed been fully down for a few days, and investors are dying to know when the cryptocurrency market will start to bloom. Even the most widely used crypto, Bitcoin, has encountered a bear market recently, trading in the red for a while and even struggling to reach $21k.

Cryptocurrency Stats

The global cryptocurrency market is currently trading at $1.02 trillion, up 5.2% over the past 24 hours, according to CoinGecko, and has recovered above the $1 trillion mark.

The price of Bitcoin has increased by 4.38%, and it is trading at $20,190.33. After a recent bearish trend, BTC is now approaching the $20k mark. After reaching an all-time high of $69k in Nov of last year, Bitcoin has been trading in a constrained range around the $20k mark since June of this year.

Ethereum gained 10.64% and was trading at $1,493.46. Today’s performance of other crypto prices improved as well, with Avalanche, Binance USD, Chainlink, Tether, ApeCoin, Solana (up 10%), Cardano (up 12%), Polygon, XRP, Terra, Stellar, Uniswap, Tron, Litecoin, and Polkadot prices trading with gains over the last 24 hours.

Bitcoin has traded well almost in sync with risk assets in recent years, as global epidemic stimulus filled up the global economy and central banks like the Federal Reserve raised rates to battle worse inflation.

This all happened on the other side. Apple Inc. updated its App Store initiatives on cryptocurrency trading and non-fungible tokens on Monday with a new and clearer language. And stated that they have no objections to allowing trading and that they have the required regional licenses to operate where the app is distributed.