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Bitcoin Resumes the Uptrend with Recent Surges. Is it here to stay?

After a string of bad days with a tremendous downfall, BTC is now recovering. The coin came through again and registered a significant uptrend during the past 24 hours. Naturally, this was followed by major altcoins soaring as well.

BTC is trading at $20,226 with a 24-hour trading volume of $35,984,764,261 with a circulating supply of 19,145,237.00 BTC, at the time of writing.

Bitcoin went through a constant up and down in the crypto market during the past week. It suffered tremendously and fell to $18,702.59. But BTC accelerated considerably and turned downward with an impressive price surge. Subsequently, Bitcoin holds 38.2% dominance in the market, and Ether holds 20.4% dominance.

The second largest cryptocurrency, ETH, is trading at $1,705.82 with a 24-hour trading volume of $20,356,191,216. Ethereum soared nearly 4.37% in the last 24 hours. And the other leading coins also followed suit, with coins like XRP (4.86%), ADA (3.63%), Solana 98.63%), Dogecoin (3.47%), and SHIB (2.76%) witnessing a sharp rise in the last 24 hours. Largely, the major coins increased steadily in the past 24 hours.