Bitcoin price started to rise in the last 24 hours and hit a new high in two months.

Several altcoins have made impressive gains in the past 24 hours, including cryptocurrency MATIC, which reached $1.2 today.

Bitcoin records highest daily candle since September 12, 2022:

The primary cryptocurrency went through many ups and downs at the beginning of the month, especially the many events coming from the United States at the beginning of the month.

Early on, the Federal Reserve raised interest rates by 75 basis points, sending Bitcoin south from $20,800 to $20,000.

Bulls then defended that level, and two days later when the US jobs report came out higher than expected, Bitcoin began to gain value.

Similarly, the price of Bitcoin reached $21,000.

Although it had failed at this level in two previous attempts to defeat it, this time the source was broken.

As a result, the price jumped to $21,500, the highest price Bitcoin has seen in nearly two months.

Now at the time of publication of the article, the price of Bitcoin has rebounded by a few hundred dollars but still stands north of $21,000.

Bitcoin’s total market cap exceeds $400 billion and its dominance over altcoins is 38.6%.

MATIC Cryptocurrency is on the rise again:

The Ethereum coin added another 3.5% in the last 24 hours and is currently trading above $1600.

Binance, Cardano, Polkadot, Shiba Inu, Tron, and Avalanche also made some minor daily gains.

Dogecoin, Solana and Polygon prices are up more than 5%.

DOGE cryptocurrency is one of the best performing cryptocurrencies in the last 10 days.

The price of the currency was affected by the takeover of “Elon Musk” on Twitter.

Among the altcoins that have achieved profitable gains in the past 7 days is the Matic cryptocurrency, which has recorded a 30% gain over the past week.

The rise in the value of cryptocurrencies, led by Bitcoin, saw the total market cap rise above $1 trillion, up 2.9% in the past 24 hours.

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