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Bitcoin’s price surged to nearly $70,000, marking its highest value in almost seven weeks, following a recent dip to nearly $67,000.
Market Recovery
Ethereum recovered most of its losses after the launch of an ETF, and Bitcoin Cash skyrocketed by 14% to reach $450.
Despite a brief period of volatility, Bitcoin’s price remained 3% higher on Monday, with its market cap reaching $1.370 trillion and its dominance over other cryptocurrencies at 53%.
Positive Momentum
The cryptocurrency market experienced a notable upturn over the weekend, with several altcoins mirroring Bitcoin’s positive momentum.
The collective market cap of all cryptocurrencies surged by $70 billion since the previous day, reaching close to $2.6 trillion, reflecting renewed investor confidence and a bullish outlook for the near future.
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