Leading cryptocurrencies returned on Monday, with Bitcoin hovering above 3% and raising above the $ 32,205 threshold. The crypto property is trading at $ 33,458 starting at 1:30 p.m., according to data available on the WazirX encryption exchange.
Vikram Rangala, chief marketing officer, ZebPay said that “after a 20% correction from the all-time high, Bitcoin returned to $ 33,000, confirming the long-term value of investors. The rapid recovery suggests the price may remain above $ 30,000. If Future dips will also attract new purchases, we will certainly not see another $ 20,000 in Bitcoin. “
“With the stabilization of Bitcoin, we have seen record highs in altcoins including Ethereum and Chainlink. Along with the record highs and dramatic dips, the alleged leak of 325,000 customer data from a single stock exchange in India has brought renewed attention to the need for high security standards to protect data and crypto investors,” Rangla said.
Bitcoin, the largest cryptocurrency with a market capitalization of $ 622 billion, has yielded about 20% since the beginning of the year, having touched an all-time high of $ 41,940. By comparison, a site with a market capitalization of $ 162 billion jumped about 86 percent this year. A website, which reached an all-time high a few days ago, today gained 7% to $ 1,423.