Leading cryptocurrency bitcoin‘Of (BTC) The crypto money market, which was completely destroyed with its sharp fall, showed that it was a light of hope for the first time in a long time last night.
The unexpected rise that came when Bitcoin was pulled to the support of $ 40,000 step by step, caused the price to regain $42,000 up to the point.
Altcoins Come to Life
In particular, altcoins have been seen to move again after the sharp declines that have been going on for days.
According to Coinmarketcap data AVAX while gaining up to 10% boost in those moments LUNA It saw 18% levels. Among the top 10 as of now, LUNA is up 6.2%, with AVAX just behind it is up 6%.
Apart from that, while Ethereum is in danger of falling below $ 3,000, it has brought hope to rise to levels close to $ 3,200. ETH As of now, it has gained 1.1% in 24 hours.
Although it is known that the low volume seen at the weekend actually means movement for the crypto money sector, no one expected such a sharp fall and such an instant rise.
The increase in searches on Google Trends is another factor that increases hope.
Bitcoin staying above $42,000 this week and Ethereum following at $3,200 could lead to temporary volatility in the market.
It is evident from yesterday’s activity that altcoins are currently waiting for the horizontal course of BTC in particular.
Although it is not known whether BTC will deliver this, it is extremely possible that there will be volatile price movements this week.