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MATIC.CM=+0.14 (+17.66%)
ETH.CM=+128.68 (+9.56%)
BTC.CM=+1,074.20 (+5.11%)
Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry.
Selim Korkutata | Anadolu Agency | Getty Images
Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that the contagion and shakeout over the past few weeks is nearing its end.
The world’s largest cryptocurrency was trading around $22,228.70 at 6:30 a.m. ET, according to CoinDesk data, up around 4%. Bitcoin traded as high as $22,493.61 in the past 24 hours, the highest since June 16.
Other cryptocurrencies also bounced with ether up more than 10% versus the price 24 hours ago and Polygon’s MATIC token up 21%.
The bullish sentiment was helped by a rally in stock markets in Europe and Asia. U.S. stock futures were also higher. Cryptocurrencies, in particularly bitcoin,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...