After several cryptocurrencies sold, Bitcoin rebounded above $ 57,000.

After the sale of Bitcoin and other cryptocurrencies last week, Bitcoin returned on Monday.

According to data from blockchain analytics firm Coin Metrics, the value of Bitcoin rose by more than $ 57,000 in initial trading and rose to $ 57,373. Profits fell at the close and the final exchange rate was around $ 57,038, up 5% in the past 24 hours.

At the same time, other digital assets rose over 5% to $ 4,321 and XRP rose over 4% to 97 cents.

Vijay Ayyar, head of cryptocurrency exchange Luno Asia Pacific, said ahead of the news that the new Omicron Covid strain exchange was energizing the market with minor symptoms.

"In our first review, we saw news that the difference could be a weakening of symptoms, which led to a recovery in the economy." “So the smart trader can buy this downside. "

Bitcoin fell to $ 53,549 last week, its lowest level since early October, as concerns over a new strain of coronavirus led to increased sales of commodities and other dangerous assets.

The world's biggest digital equity shortage has fallen more than 20% in its recent history to nearly $ 69,000 and entered the bear market. The bear market is generally defined as a loss of 20% or more from recent highs.

In terms of transmission, the new disease, first seen in South Africa, has spread to many countries, including the UK, Germany and Italy.

In response to this discrepancy, the United States, United Kingdom and other countries have banned travel to and from certain African countries. The UK has also taken new steps to tackle the new disease, including the need to wear masks in UK shops and public transport.

Dr Angelique Coetzee, a South African doctor who first noticed the omicron gap on Sunday, described symptoms such as "severe pain", reducing fears the shutdown would return on weekends. end. .

"As we saw last week, the global environment is skeptical of any risks to heritage, but the recovery has always been so strong. What kind of an increase. That's what we're seeing here." , Ayyar said.

He added that if Bitcoin fell between $ 48,000 and $ 50,000 per day or week, "that would mean a drop." But now, says Ayyar, "we're still in the cattle store."