News View Non-AMP

Crypto Market Cheers! Bitcoin Price Upturn Signals Bullish Future

Published by
Elena R

Bitcoin’s price appears to have found its footing and is starting to rise again after a recent decline. Crypto trading expert Michael van de Poppe is among those who support the argument that Bitcoin has hit its lowest point and is now on an upward path. This shift is also positively impacting other cryptocurrencies. 

Here is a closer look at the current cryptocurrency market trends!

Bitcoin’s Recent Performance

As of today, Bitcoin is trading at $66,155. Recently, its price fluctuated between $63,000 and $65,000, indicating it may have bottomed out. According to Michael van de Poppe, this range likely marked the lowest point for Bitcoin, which is now expected to climb further.

Bitcoin Market Indicators

The 1-day candlestick chart of Bitcoin/USD now shows a large green candle, signaling upward momentum for Bitcoin. This is a positive sign that Bitcoin’s price is beginning to rise from its recent low.

Impact on Altcoins

As Bitcoin’s price increases, other cryptocurrencies are also seeing improved performance. On June 6, 2024, the altcoin market cap peaked at $1.39 trillion. Today, June 20, 2024, it stands at $1.21 trillion, which is an improvement from yesterday’s $1.18 trillion. This suggests a recovery in the altcoin market alongside Bitcoin’s resurgence.

Bitcoin’s Dominance and Recent Movements

Bitcoin’s dominance value is currently at 51.8%, close to its 6-month peak of 52.47% reached on 18th June 2024. Earlier this month, on 5th June, Bitcoin’s price was above $71,000. Since then, it has consistently slipped, with today’s opening price at around $64,915. Over the past 30 days, Bitcoin’s price has decreased by 6.9%. In the last 7 days, it has changed by -2.5%, but in the last 24 hours, it has risen by 1.4%. 

In conclusion, Bitcoin’s price decline seems to have halted, and it is now starting to rise again. This upward trend also benefits other cryptocurrencies, suggesting a positive shift in the overall market sentiment. The recovery in the altcoin market cap further underscores this optimistic outlook.

Bitcoin’s rebound could signal a new surge in the crypto market, pointing towards a more optimistic future for cryptocurrency traders and investors.

Also Read : MicroStrategy Completes $800M Convertible Notes Offering, Acquires 11.9K Bitcoin for $786M

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025

Did the Senate Pass the Trump’s Big Beautiful Bill

As of this afternoon, the United States Senate remains locked in a marathon voting session…

July 1, 2025

Cats Fishing: Status Network’s First Mobile Fishing Game Turns Lore and Occult Mysteries Into Playable Myth

Whisker Woods invites players to cast, catch, and ascend in a mobile-first adventure launching this…

July 1, 2025

Injective Price Prediction 2025, 2026 – 2030: Will INJ Price Reclaim $50?

Story Highlights The live price of the Injective token is The INJ price could hit…

July 1, 2025