Bitcoin and Altcoin Prices are On The Rise

Bitcoin and altcoin prices are on the rise. After about 5 days of decline, Bitcoin gained value again. The leading cryptocurrency, which has gained more than 10 percent in the last 24 hours, has again reached above the level of 37 thousand dollars.   BTC Price Making a statement on the issue, analysts agree that the lower limit of Bitcoin's correction is $ 30,000. Although the serious decline in BTC caught investors off guard, the cryptocurrency was on the rise again, showing that a bear market has not yet begun. On the other hand, CyrptoQuant's CEO Ki Young Ju, who posted in his Twitter account yesterday, stated that there is a serious amount of buying pressure in the spot exchanges in the range of $ 30,000-32,000. Accordingly, it is seen that most of the investors consider this loss of value as a buying opportunity. Ki Young Ju also stated that while institutional investors remain in the ecosystem, the $ 30,000 level will be maintained, adding that the bull run will be supported. However, another reason why analysts think Bitcoin is at the bottom is stated to be due to the extremely high liquidation amounts recorded on Sunday and Monday.   Altcoin Prices On The Rise On the other hand, it is seen that there is a profit in altcoins. Etherium, known as the largest altcoin in terms of market volume, has gained 6.87 percent in the last 24 hours, while Ripple (XRP), the third largest altcoin in terms of market volume, has gained only 1 percent. It is seen that Palkadot (DOT) has the most earnings among the crypto currencies that rank first in the market volume assessment. The DOT has gained about 40 percent in the last 24 hours, breaking a record with $ 11.70. Following Palkadot, Chainlink (LINK) came in second in the performance rankings with a 13 percent rise, while Litecoin (LTC) took third place with gains of over 10 percent.