Bitcoin price (BTC/USD) rallies to reclaim $3,600 mark after poor Tuesday morning

The Bitcoin price (BTC/USD) has managed to rebound above the $3,600 level, after setting a new 2019 low on Tuesday.

The original cryptocurrency struggled during yesterday’s morning session, with its price tumbling to as low as $3,539.72. This was Bitcoin’s lowest level since December 18, according to data from digital currency tracker Coinmarketcap.

The digital coin had a more positive afternoon session, during which it managed to reclaim the $3,600 mark. The coin rose to an intraday high of $3,620.75, before finishing the session at $3,604.58, above its opening price of $3,575.08.

Following the somewhat positive Tuesday session, Bitcoin has mostly been able to defend the $3,600 mark, although it has seen a couple of drops towards the $3,590 area. At the time of writing, the Bitcoin price was hovering around $3,600.

The wider crypto market has also seen an uptick, with most major coins posting modest gains over the past 24 hours. Bitcoin Cash has stood out as the best-performing coin in the crypto top 10, thanks to its gains of over 7%.

In other Bitcoin-related news, blockchain technology firm today released a set of tools designed to drive adoption of BTC’s lightning network. As reported by industry website Coindesk, the product suite includes an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. In addition, the firm released developer tools and a public lightning network node dubbed “The Preach”.

In today’s trading, the Bitcoin price stood at $3,605.54, as of 11:09 GMT. The digital coin has gained 1.2% over the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at just over $63 billion, which represents 52.3% of the combined value of all digital currencies.