Bitcoin has regained its composure after Friday’s carnage
Bitcoin managed to make an impressive comeback, returning to the $ 58,000 level earlier today.
The largest cryptocurrency has given up some of its gains, and it’s currently flatlining at $57,361.
On November 26, the crypto king plunged more than 9% as the pandemic could worsen due to the new Omicron variant.
On Sunday, however, Bitcoin soared over 7%, putting the bulls back in the driver’s seat and invalidating bearish scenarios.
The crypto indicator is expected to gain another 6% in order to avoid printing a red monthly candle in November.
Bitcoin is also -17.03% away from reclaiming its all-time high of $69,044 that was reached on Nov. 10.
A rescue rally at all levels
The biggest cryptocurrency has rebounded along with other big markets. US equity futures are currently in rally mode, with the S&P 500 index set to rise 0.69%.
Oil has also staged a recovery after the WTI price recorded the biggest one-day drop since it went negative in April 2020.
Spot gold lost $ 10 at the opening, but the bulls were then able to gain ground.
