Bitcoin is slowly making a comeback and approaching 60k

A few days ago, Bitcoin fell to a very low level at about 55 thousand dollars, after it was running at a very impressive rate recently, and it approached a new ATH and broke the 70 thousand barrier, but we must rest so that we can continue walking.

But despite the drop by close to 7% per week, Bitcoin’s performance today rose well, approaching 60k again, despite the rise in the fear index, as some began to worry about several news, including compensation for Mt.gox members and other things that It did not bode well for Bitcoin, but as we are used to, Bitcoin is going against expectations.

The price of Bitcoin is currently at $59,300, and it is slowly rising in the meantime, and the cryptocurrency market has begun to recover again, as the daily trading volume has reached $100 billion. As for Dominance, the recent decline of Bitcoin and the activity of some other currencies caused Dominance to drop to about 42.3 % .

Altcoins

The order of altcoins changed after the decline of Bitcoin as well, as some currencies were able to withstand the previous bear wave, and others have fallen dramatically, the decline reached 50%, but at the top of the table the ranking did not differ much except for some currencies.

Solana coin, which was occupying the third place, fell to the fourth place after it fell this week by nearly 9%, as the huge rise it reached in the recent period had a negative impact as the currency could not stabilize before the recent decline of Bitcoin.

As for the Shiba currency, which was occupying the tenth place, it fell to the 12th position, not because of the decline of Shiba alone, but the AVAX coin was able to amaze everyone and rise nearly 43% in a short period and occupies the 11th position.

Crypto.com has managed to increase its currency to nearly 60% this week, while many currencies have settled down by about 8%.

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