Bitcoin price recovered rapidly in the last 24 hours to almost $62,500, but failed there and fell several hundred dollars. 😅 Altcoins are also slightly green on a daily basis, with ETH approaching $3,400 while BNB closed at $580. 🚀

On Thursday last week, the price of Bitcoin was above $66,000. However, it started to decline on Friday, falling below $64,000 and rising slightly above that level over the weekend. Saturday and Sunday were quiet, there was almost no movement. 😴

On Monday, the disturbing Mt. Gox news, bears took control of the market and sent BTC crashing. Within hours, the cryptocurrency fell to $58,450 for the first time in almost two months.

However, as warning signs began to appear that the asset could drop to $50,000$ or even $45,000, BTC actually reversed direction and jumped to $61,000 yesterday morning. It continued to rise throughout the day and later reached $62,400 (on Bitstamp).

Still, Bitcoin failed there and tumbled almost a thousand dollars. Its market cap is below $1.220 trillion and its dominance over altcoins has fallen to 50.7%.

Altcoins were as bad as BTC at the start of the week, hitting multi-month lows of their own. The situation is slightly better now, with small gains from coins such as ETH, BNB, SOL, TRX and DOT.

PEPE and STX emerged as the best performers among the 36 largest crypto assets, up 9%. NOTE has risen even further, rising 14% in the last day.

The total crypto market cap increased by 1.1% in the last 24 hours, reaching $2.4 trillion.

Share what you think in the comments! 🎉