Ethereum

Cardano

Solana

Bitcoin

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-bounces-back-altcoin-market-shows-resilience">Bitcoin Bounces Back, Altcoin Market Shows Resilience</a><br></p>
<p style="text-align: justify"> Following a temporary setback, Bitcoin experienced a robust recovery, with its value approaching $52,000 again. This comeback also ignited a positive trend among other cryptocurrencies on February 18, as Ethereum regained its position above $2,800 and Solana climbed back to $110. </p> 
<h2 id="bitcoin-s-recent-price-movement">Bitcoin’s Recent Price Movement</h2> 
<p style="text-align: justify"> Bitcoin ended the preceding week on a high note, netting a 13% increase. The momentum persisted into the new week, with Bitcoin hitting the $50,000 milestone on February 12, marking a significant achievement not seen in over two years. Though a slight downturn occurred following the US CPI data release on February 13, with Bitcoin slipping to $48,500, the descent was brief, and the cryptocurrency quickly resumed its climb. </p> 
<p style="text-align: justify"> The climb saw Bitcoin breach both the $51,000 and $52,000 thresholds on consecutive days. The ascent peaked on February 14, with Bitcoin reaching $52,900. However, after a dramatic though brief plunge on February 17, which triggered $100 million in liquidations, Bitcoin stabilized and is currently trading near the $52,000 mark with a market cap surpassing $1 trillion, continuing to command about half the altcoin market share. </p> 
<h2 id="recovery-and-gains-across-the-altcoin-sector">Recovery and Gains Across the Altcoin Sector</h2> 
<p style="text-align: justify"> The altcoin market, initially facing a downturn on February 17, has since erased its losses, with Ethereum notching a modest gain to surpass $2,800. Other major altcoins like BNB, XRP, <a href="https://en.bitcoinhaber.net/tron-launches-groundbreaking-bitcoin-layer-2-solution-to-boost-interoperability">TRX</a>, AVAX, and MATIC have mirrored this positive movement with comparable gains. Solana’s value increased by more than 1%, reattaining the $110 level, and Cardano outshone its peers with a substantial surge of nearly 9%, pushing its value close to $0.65. </p> 
<p style="text-align: justify"> Notable performers in the altcoin space included FET, which soared by 20%, and other prominent climbers included GRT, RNDR, BTT, and INJ, each achieving double-digit percentage growth. The overall value of the crypto market rose by billions of dollars, hitting a collective worth of $2.05 trillion, as reported by CoinGecko.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-bounces-back-altcoin-market-shows-resilience">Bitcoin Bounces Back, Altcoin Market Shows Resilience</a></h5>

Bitcoin Bounces Back, Altcoin Market Shows Resilience

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