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May 28, 2022
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Altcoin

Bitcoin Hits $43K and Litecoin Appreciates 8%

While Bitcoin managed to add just over $1,000 in the last 24 hours, cryptocurrency Litecoin jumped 8% to close to $150.

After the recent dip hitting below $42,000, the market-leading cryptocurrency has seen a slight rally, rising just above $43,000. But it was not only Bitcoin that achieved this feat, most altcoins were also in the green today, highlighted was BNB that approached the $ 500 mark, which by the way, had greater gains than Litecoin and ATOM, but let’s go to the analysis.

Bitcoin Highlights

Over time, it appears that Bitcoin is reacting positively, the asset is recovering from a dip below $40,000 that took place on Monday (10) and is gradually gaining strength.

The recovery was so positive that in just a few days Bitcoin managed to add more than $4,000 in value, but upon reaching above $44,000, the bears ended up getting their hands on the honey pot and Bitcoin resulted in a few occasions this past Thursday. -market.

After the asset hit the weekly high of $44,500, the bears surged and pushed Bitcoin lower, causing the asset to lose more than $2,500 in value, reaching just under $42,000 yesterday.

Since then, Bitcoin has managed to add just over $1,000 in value and is now above $43,000, and its market capitalization has remained above $800 billion.

Litecoin rises 8% and BNB approaches $500

This week Ethereum was fickle, even dropping below $3,000, but after the big dump, the cryptocurrency reacted and recovered $300 within a day. The second largest cryptocurrency is valued at $3,334 at the time of writing.

Today, Binance Coin has risen about 3% over the course of the day, approaching the value of $500. Other altcoins such as Polkadot, Avalanche, MATIC, LINK and Terra are also in the green.

Litecoin, managed to reach 8% on today’s date, being the most substantial altcoin gainer of the largest cap altcoins, followed by ATOM which reached (7%).

The cryptocurrency’s market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.

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