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November 29, 2022
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Green weekend. Bitcoin breaks over $ 34,000.

Bitcoin finally has a great streak. All thanks to the B Word event, where Elon Musk, Jack Dorsey and Cathie Wood spoke about it with great enthusiasm. The coin has risen 15% in five days and appears to be preparing to test the $ 35,000 level.

Bitcoin’s price gains 15% in a matter of days

It was a very turbulent week for the bitcoin price, which was not doing well a few days ago. BTC dropped to around $ 29,200 on Tuesday, causing fear and panic in the market. Fortunately, it didn’t take much for the price to turn around.

Wednesday saw the long-awaited B Word event where Elon Musk, Jack Dorsey and Cathie Wood discussed bitcoin. All of them spoke positively about this activity. Musk revealed he owns BTC, ETH and some DOGE himself. He also added that Tesla would sooner or later resume acceptance of the original cryptocurrency.

Musk’s comment was the catalyst for another rally that pushed the bitcoin price towards the 34k mark. dollars. As of this writing, BTC is trading at $ 34,400. This means over 15% increase from Tuesday’s low.

Altcoins are also growing

In the last 24 hours alone, several altcoins have managed to make significant gains. For example, Ethereum grew by about 3.5% during the day and definitely exceeded the level of $ 2,000. The ADA gains 2.5%, as does XRP, which grew by 2.14%.

Overall, over the past five days, altcoins have managed to gain more market share. In turn, the dominance of Bitcoin – a measure of its share in relation to the entire market – decreased by about 1%.

Today was a very green day in the charts. It remains to wait and see if this continues for the rest of the week. Meanwhile, some altcoins are reaching new heights. An example is the AXS Axie Infinity token, which managed to reach a new ATH above $ 47 yesterday.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate at . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

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