Financial analysts were watching for one key factor that could have sent things falling further - the market dipping below their previous recent lows hit on Feb 6th, which would have put Bitcoin in the $7400's.
But thankfully, that never happened - the market found bottom around $8500, giving the green light to the bulls, Bitcoin has risen to $9,402 at time of publishing this article and altcoins are joining in the recovery as well.
$36 billion has been added to the overall market cap in the last 24hrs, a sign that unless any unexpected bad news pops up, recovery is now in full swing!
Author: Ross Davis
San Francisco News Desk
