


The Poster Boy of the Crypto Space Is Gradually Recovering
Bitcoin (BTC) – the largest digital currency in the world by market cap – has also suffered a great loss this year. Bitcoin tested its all-time on the 17th of December last year when it surged towards the $20k mark. The value of the digital currency has been declining gradually over the past months, however, it experienced a significant decline back in November. Prior to this period, Bitcoin (BTC) was able to maintain a great level of stability over a period of two months. The digital currency traded between the $6k and $7k level for two months before it saw a sharp decline in November. In November, Bitcoin (BTC) declined below the $6k, $5k, $4k, and settled below the $4k mark. Earlier this month, Bitcoin declined below the $3,500 mark and almost tested the $3k mark. This is the lowest level the digital currency has tested since September last year. Fortunately, the world’s most dominant digital currency is gradually getting on its feet. The digital currency is now showing signs of recovery. A lot of investors and enthusiast have long been waiting for the recovery of the crypto market. Bitcoin (BTC) recently surged over the $4k mark, after trading close to the $3k level for the past week. The $4k level has been a hurdle point for Bitcoin. However, the digital currency needs more traction to break over the next hurdle point which is at the $4,250 level. The BTC/USD trading pair is also up by six percent and it slightly over the psychologically crucial level of $4k. Lower trading volume and low volatility are a sign of weekend trading. But for the digital currency to see any significant breakout, its trading volumes need to increase, and this may not happen considering the fact that its weekend. If the digital currency is able to break over its next hurdle at the $4,250 and $4,500 mark, it might correct higher towards the next resistance at the $5,200 mark. Bitcoin (BTC) Price Today – BTC / USD Bitcoin (BTC) is currently changing hands at $4,190 after an increase of about three percent over the past twenty-four hours. The world’s largest digital currency currently has a market cap of $70.20 billion with a trading volume of $6.12 billion over the past twenty-four hours.Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.