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Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

Published 02/25/2021, 01:20 PM
Updated 02/25/2021, 03:00 PM
Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.

Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000 in the morning trading session.

BTC/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
BTC/USD daily chart. Source: Coin360

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