Bitcoin Fell to $38000 and Soared to $41000, While Luna Rose 17%.

Written by C, Fiona

Last updated: 2022-04-19

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The cryptocurrency market has turned green and bitcoin has increased significantly by $3000. Terra has soared 17% to $90.

After selling below $39000 yesterday, bitcoin bulls returned to the scene and sent BTC thousands of dollars north. Today’s altcoin field is also green. The double-digit growth of near protocol and Terra is impressive.

Bitcoin Hit $41000

Bitcoin fell below $40000 for the first time in a month last week, but it quickly recovered its decline and rose to $41000. However, it failed to continue upward and stayed around $40000 for some time, including the weekend.

On Monday, the situation changed. BTC fell below $40000 again, but this time, it continued to depreciate. This eventually led to its falling to about $38500, the lowest price point of the asset since mid March.

However, the Bulls stood up and intercepted the action. Instead of going further south, they pushed up the main cryptocurrency, which soared nearly $3000 to an intraday high of just over $41000.

Although a few hundred dollars has been recalled since then, which is slightly lower than this level at present, BTC still rose nearly 5% on the same day. As a result, its market value is close to $800 billion again.

Near and Terra Lead the Recovery of Altcoins

Alternative currency suffered as much yesterday as bitcoin, but today the situation is completely different. The second largest cryptocurrency fell below $3000 for the second time in about a week, but the 5% growth since then helped eth regain this integer milestone.

Binance coin soared 6% in one day, perhaps in the news of another BNB burning, now above $420. Ripple, Solana, Cardano, Avalanche, Polkadot, dogecoin and Shiba Inu are also green.

Nevertheless, Terra and near agreements have taken the limelight from the agency of large cap stocks. Luna has soared 17% and is currently at $90. Near Rose 14% to $17.

More impressive benefits come from stepn (42%), thorchain (16%), apecoin (14%), zcash (13%), loopring (12%), icon (12%), KNC (10%), and others. The market value of cryptocurrency has increased by about $100 billion in one day and is now close to $1.9 trillion.