Bitcoin (BTC) Claws Back To $20,000, First Time In 5 Days

Bitcoin (BTC) inched up 5% to reclaim the $20,000 territory as the 4th of July hype provided surprise gains. Tuesday saw a comeback on the cryptocurrency market, with the majority of tokens trading in the green. Bitcoin’s Tuesday rally was the first for the coin in five days, with the 4th of July daily candle about to close, and providing some dose of optimism in the dreary bear market. Bitcoin and other cryptocurrencies remained virtually unchanged on Monday, with crypto assets trading at downcast prices after a huge selloff in recent months. The worldwide cryptocurrency market capitalization was trading at $909 billion, an increase of more than 6 percent in the last 24 hours. However, the total trading volume of cryptocurrencies increased by nearly 37 percent to $55 billion. Suggested Reading | Bitcoin Slides Under $20K – Another Collapse In The Offing? Bitcoin Retakes $20,000 Territory TradingView data indicated that the BTC/USD pair rose to $20,085 on Tuesday, its strongest gain since June 30. The pair spent the majority of the weekend near $19,000 as the bulls attempted to push BTC’s price to $20K. After a turbulent second quarter, Bitcoin’s price has entered the third quarter with sluggish movement as it continues to consolidate around the $20,000 mark. Since the start of 2022, increased geopolitical concerns and a change in sentiment (induced by rate increases, the conflict in Ukraine, and a disma...