Bitcoin (BTC) rose to $27,200 on Tuesday. The previous day, it reached a one-month high of $27,418, but on the night of September 19, the largest digital currency began to retreat under selling pressure.
BTC jumped back above $27,000 during the European session today. Solana (SOL), ether (ETH) and lightcoin (LTC) are also growing, Bloomberg reports.
Quantum Economics CEO Mati Greenspan emphasized that the spurt above $27,000 was the result of bitcoin’s long consolidation between $25,000 and $26,000.