#Bitcoin moves above $27k, but will it hold its ground?
Finally, Bitcoin has surpassed $27,000.
On October 9, the price of bitcoin underwent a price correction that significantly reduced the value of the coin below $27,000. But after a few days, the price of BTC sharply increased. In fact, $BTC has increased by more than 3% in the previous 24 hours alone, according to CoinMarketCap.
At the time this article was written, #BTC had a market #capitalization of approximately $544 billion and was trading at $27,904.55. The good news is that a more than 140% rise in Bitcoin trading volume occurred after the price surge, which is generally regarded as a positive sign.