The global crypto market’s value today gained over 2% in the past 24 hours to $2 trillion, according to pricing from CoinGecko.
The next resistance is expected at $48,600 and an immediate support for BTC is expected at $37,600,” said Siddharth Menon, COO of WazirX.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency also jumped more than a percent to $3,094.
Bitcoin has been struggling along with risk assets in recent months.
Analysis from data provider Glassnode suggests that interest in Bitcoin has remained muted, with little growth in the coin’s user base and minimal flows of new demand.