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Bitcoin prices benefited from relative calm over the weekend, with the currency retesting the $70,000 level after failing to hold the level yesterday Saturday morning.
The gains come after a rough day in which the currency suffered sharp losses, but markets were relatively calm, allowing for a gradual rebound.
Bitcoin prices experienced wild swings over the weekend, with losses accelerating on Thursday and a sharp selling wave on Friday morning pushing it from $77,000 to $60,000, its lowest level in more than a year.
It then quickly rebounded to 72,000 points, then fell back to 68,000 points, and is now back above 70,000 points, with a daily increase of approximately 2.3%.
Its market capitalization has also returned to the level of $1.4 trillion, while the currency’s market dominance remains around 57%, according to “CoinGecko” data.
In terms of alternative digital currencies, Ethereum price has partially recovered after falling from $2,400 to $1,730 during the crash wave and is currently trading above $2,100.
BNB’s market capitalization ranking also surpassed XRP again, occupying fourth place at the weekend.
Solana rose to levels around $90, while tokens such as LTC, LINK, ZEC, and XLM saw gains around 4%.
HYPE, on the other hand, was one of the few digital currencies that fell around 5% to below $32.
Finally, the total cryptocurrency market capitalization has increased by approximately $80 billion since yesterday, approaching $2.5 trillion.
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