Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K
Cointelegraph
Published Jun 23, 2021 02:21PM ET
Updated Jun 23, 2021 04:00PM ET
Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model rings true.
According to data from CoinMarketCap, the total cryptocurrency market capitalization fell by nearly $230 billion between June 20 and June 22 but it has managed to regain roughly $76 billion in value on June 23 and now sits at $1.365 trillion as some traders viewed the correction as a dip-buying opportunity.
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Written By: Cointelegraph
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