Bitcoin Surges 25% In 24 Hours

Bitcoin price has surged 25% in the last 24 hours to trade around the $7,000 mark after dropping almost 60% in the last 2 weeks. The rest of the crypto market is also trading higher, resulting in nearly $24 billion of gains in just a day.

The world’s largest digital coin is now trading above the short-term resistance around the $6500 handle. A daily close above $6,500 would pave the way for a test of $8,200, which is a key short-term resistance for the bulls.