Bitcoin recovers lost ground for the year as cryptocurrency 'bull raises its head'

Last week, investor risk sentiment improved and the cryptocurrency market as a whole rose, with Bitcoin closing up for six consecutive trading days since last Tuesday, up more than 13% for the week, marking its best weekly performance so far this year. In addition, ethereum rose more than 15% for the whole week, also marking the best single-week performance since the end of January.

The cryptocurrency pulled up sharply on Monday morning, with bitcoin breaking above the key $45,000 level. antoni Trenchev, co-founder and managing partner of Nexo, expects bitcoin to wake up from its 2022 sideways slide, reaching $100,000 by the end of June.

As of writing.

Bitcoin was up 4.8% in 24 hours at $46,888. Last week, bitcoin rose 13.25%.

Ether is up 5.23 percent at $3,315 in 24 hours. Last week, Ether fell up 15.15 percent.

Dogcoin is up 6.14% at $0.1486 for 24 hours. Last week, Dogcoin accumulated a 21.56% gain.

Cryptocurrency rose 3.91% in 24 hours to $433.6. Last week, Cryptocurrency accumulated a 10.21% gain.