Bitcoin Reclaims The $20,000 Throne While Ethereum Rises On The Chart

The volatility of cryptocurrency and Bitcoin has continued to be a strong force determining its profitability and investment attraction. The severe crypto winter in the first half of 2022 several crippled tokens and crypto-related products and services. Also, the collapse of the Terra-LUNA ecosystem intensified the devastating impact. Though the second half of the year brought a little relief from the bearish experience, it did not last as long as many expected. Instead, the bears took over the market for the past two weeks as the prices of several crypto assets crumbled again. Bitcoin, which had hit a new high of about $25,200, gradually started dropping. The report on the price of Bitcoin showed that it even plunged to the $19,500 region. The downtrend was not only peculiar to the leading cryptocurrency, as altcoins are part of the train. Related Reading: Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market Despite the much-accumulated gains for Ethereum, especially with the upcoming Merge, ETH still went down. In addition, other altcoins and crypto coins dropped in different percentages, negatively impacting the crypto market. As a result, the cumulative market capitalization had lost over $50 billion over the past two weeks. Tide Against Bitcoin Seems To Be Turning There seems to be a positive outplay of the activities for the broader crypto market. The bulls gradually gather as market prices have started moving t...