Bitcoin Rebounce To $58K Mark, Avalanche Taps New ATH

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After price decline, Bitcoin finally bounces back with $2,000 addition of value. Also, Most altcoins are seeing a green day, with Shiba Inu adding double-digit percentages and Avalanche tapping a new ATH.

Notably, last week was a bloodshed for the primary cryptocurrency. That’s, after Bitcoin records $69,000 for its latest price peak and then declines straight down, losing $,9000 in days.

Then, Bitcoin tries to maintain the $60,000 on November 16th. However, the bear continues pushing it again.

Consequently, the cryptocurrency fall below $56,000 for the first time in over a month.

Of course, it records losing roughly 20% of its value in ten days, however on-chain data shows that long-term holders are holding and refusing to panic sell.

Lastly, Bitcoin is already bouncing back from that low, adding nearly $3,000.

Currently, Bitcoin now trades well above $58,000, and its market capitalization is up to $1.1 trillion.

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