Bitcoin jumped to near $ 40,000 in just 3 hours in a rapid jump. This is the first time this month that bitcoin has reached this range.
to the Report Coin Telegraph, the bitcoin price managed to jump from $ 35,000 to $ 40,000 a few hours ago with a 10% jump.
After crossing the $ 35,000 mark, we saw a large volume of short-term futures contracts liquidate, which accelerated the uptrend. In this climb, the price of Bitcoin went from $ 34,000 to $ 39,800 in just 3 hours.
Importantly, Bitcoin took about five days to jump from $ 30,000 to $ 34,000. Each unit of this digital currency currently trades in the $ 38,500 range. In the last 24 hours, the king of digital currencies has grown by nearly 13% and has had the best performance among the 30 digital currencies in the market.
Leading market analyst Lark Davis, referring to the rapid jump, told his 426,000 followers on Twitter that the price had returned to above the 50-day moving average.
Polkadot and Chainlink were among the other currencies that grew by more than 11% in the last 24 hours.
The Dogecoin also jumped less than 9 percent, indicating that the effects of Elon Musk’s recent tweet are fading. In a tweet yesterday, Musk released a satirical video calling Dogecoin “money.”
Despite Musk’s efforts to create volatility in the Dogecoin market, this digital currency seems to be fluctuating alongside other coin’s. In the last 24 hours, most of the major penins on the market recorded single-digit jumps.
Despite the one-month gap with the big London update, the price of Ethereum continued to rise by 7%, growing less than other currencies. Among the top 10 currencies in the market, Ethereum has had the worst performance in the last 24 hours.