Bullish Hopes as Bitcoin Spikes to a 3-Week High (Market Watch)

The cryptocurrency market continues recovering and added another $30 billion to its capitalization. Bitcoin is trading at a three-week high.

The cryptocurrency market continues on its path to recovery and managed to add another $30 billion to its total capitalization. This happens on the back of serious increases from Bitcoin, but also from quite a few altcoins.Bitcoin’s price managed to chart another 3.3% gains in the past 24 hours, and at the time of this writing, it’s trading at around $31,600 .

As seen in the above chart, this is the highest price for BTC since May 11th – exactly before the massive market dump that followed theBitcoin’s dominance – the metric that gauges its share relative to that of the entire market – has more or less remained flat over the past 24 hours. This indicates that the primary cryptocurrency and the altcoin market moved hand-in-hand.The most dominant altcoin from the top 10 for the past few days has undoubtedly been Cardano.

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