Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today.

The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20.

BTC Above $27K

Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took complete control of the market in the following few days and pushed it south to a two-week low at $25,900 by Thursday.

The landscape started to change as the working week came to an end, and BTC quickly reclaimed $26,000. It even spiked to almost $27,000 by Saturday but was stopped there at first.

However, the bulls propelled a more impressive price increase on Sunday morning that drove the cryptocurrency to a multi-day high of $27,300. Despite retracing slightly since then, bitcoin is still almost 2% up on the day.

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Author: Jordan Lyanchev

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