Bitcoin is always the center of attention, being the largest crypto asset in the market. However, the spotlight intensified over the last few months due to its severe price decline.
Even though Bitcoin has the support of a large portion of the crypto community, some enthusiasts stepped back from it, considering the recent price movements and market conditions.
On the other hand, BTC Whales and major investors were seen to accumulate more Bitcoin and took the price drop as an opportunity to “buy the dip.”
Now, the flagship crypto asset has crossed a major price mark and has stepped into the $23k price region. The details of the remarkable price surge are mentioned below, along with a Bitcoin price chart.
Other prominent altcoins such as Ethereum and Cardano have also seen massive increases in prices over the last seven days.
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Details of the Price Surge Seen for Bitcoin
Bitcoin is the pioneer of the entire cryptocurrency industry and was the first digital asset in the world. These facts have given unwavering significance and value to the crypto king, which does not seem to be diminished even if the price of the asset plunges.
After reaching as high as $60k last year, the flagship cryptocurrency saw quite a decline over the last few months.
The price of BTC dropped below the $20k mark and spent weeks struggling to rise above it.
To the delight of Bitcoin enthusiasts, the price has finally crossed the above-mentioned price region and is trading at $23,621 (at the time of writing). This is an increase of nearly 22.07% over the last seven days.
Here is a graph by CoinMarketCap that shows the price movement of BTC over the last week.
As mentioned above, Ethereum (ETH) and Cardano (ADA) have also been performing quite well over the last week:
Are you a New Crypto Investor?
As a new crypto investor, you need to be familiar with the significance of knowing some tips to get started in crypto investing.
Buying crypto includes several elements that you need to be aware of so you can have a good experience of investing with minimum inconveniences and risks.
To have hassle-free crypto investing experience, here are some helpful tips to know.
- Monitor the price movement of the crypto asset you want to buy.
- Know the right time to invest.
- Choose the best exchange to buy crypto that ticks all the right boxes for you.
- Start by investing a small amount.
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