Bitcoin Recovers to $57,500 as Monthly Close Approaches


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Bitcoin managed to make an impressive comeback, recovering to the $58,000 level to ease back slightly to the $57,400 level earlier today.

On November 26, the price of the cryptocurrency king fell by more than 9% amid fears that the Corona epidemic could be exacerbated by the new “Omicron” variant.

However, on Sunday, Bitcoin surged more than 7%, putting the bulls back in the driving seat and nullifying bearish scenarios.

Leading bitcoin will need to gain another 6% to avoid printing a red monthly candle in November.

Bitcoin is also -17.03% away from regaining its all-time high of $69,000.

recovery back:

The largest cryptocurrency rebounded with other major markets.

US stock futures are currently up, with the S&P 500 Index on track to add 0.69%.

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Oil also made a rebound after the price of West Texas Intermediate crude posted its biggest one-day drop since turning negative in April 2020.

Spot gold was down $10 at the open, but then the bulls were able to gain some bullish momentum.

Altcoins are mostly followed by Bitcoin and have recorded varying positive percentages.

Read also:

Learn about the most popular cryptocurrency on Twitter in November?

What is the mystery behind printing a billion dollar USDT and will it pump up Bitcoin prices?

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