Back to News

Bitcoin Trades Above $59k as the Broader Market Recovers from the Weekend Slump

Twitter icon  •  Published 4 months ago on September 3, 2024  •  Hassan Maishera

Bitcoin is now trading above $59k per coin, up 3% in the last 24 hours as the broader market recovers following the weekend’s slump.

Bitcoin Trades Above $59k as the Broader Market Recovers from the Weekend Slump

TL;DR

  • BTC is up 2% in the last 24 hours, trading around $59k per coin.

  • Altcoins are also performing better following the weekend slump.

BTC Recovers Around $59k Following the Weekend Slump

The cryptocurrency market performed positively following the weekend slump. Bitcoin, the leading cryptocurrency by market cap, is up 3% in the last 24 hours. At press time, BTC is trading at $59,088. 

The positive performance comes despite traders anticipating a bearish September. With Bitcoin currently in the green, altcoins are also performing positively. Ether, the second-largest cryptocurrency by market cap, added 3% to its value over the last 24 hours and now trades at $2,521 per coin.

Binance’s BNB token is the best performer amongst the top 10 cryptocurrencies by market cap. BNB is up 6% over the last 24 hours and could rally towards $550 if the bulls remain in control. 

The total cryptocurrency market cap has increased to $2.07 trillion thanks to Bitcoin’s positive performance.

 

Tether to Relocate Headquarters to El Salvador After Securing Operating License
Next article Tether to Relocate Headquarters to El Salvador After Securing Operating License

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.