Bitcoin Breaches $30K After Weeks of Declines as Ethereum, Cardano, Solana Join Weekend Rally
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Bitcoin, the largest cryptocurrency by market cap, briefly rose above $30,000 today after six straight weeks of market declines.
As of this writing, Bitcoin was up nearly 4% to 29,980.72, according to CoinMarketCap data.
Elsewhere, a weekend rally saw Ethereum gain more than 5% to $2,065.31, Cardano add more than 11% to $.553, and Solana rise over 14% to $53.24.
The gains come after an unprecedented week in the crypto space, headlined by Terra’s UST and LUNA imploding.
Last week saw $200 billion in total crypto market cap disappear in a single day as Bitcoin plummeted to lows not seen since 2020.
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