Bitcoin and the Crypto Comeback

After a nail-biting week, Bitcoin (BTC) is like that kid who forgets his lunch but shows up extra ready the next day. Following a selloff that dipped its price below the $8,000 milestone, Bitcoin has risen to approximately $8,234, representing a 5.35% increase in just 24 hours. It’s the Monday miracle we didn’t know we needed.

Other Altcoins Join the Party

With Bitcoin getting cozy at its new price, other cryptocurrencies decided to join the bullish party. Among them, Ether (ETH) has been flexing its muscles with an impressive gain of over 6.6%, bouncing back to about $181.12.

Ripple’s XRP and Chainlink Shine Bright

In the realm of altcoins, Ripple’s XRP is turning heads with gains exceeding 9%, trading around $0.277. This surge is mostly fueled by partnership news that has investors buzzing. Meanwhile, Chainlink isn’t just messaging its way towards big gains; it’s skyrocketed by 13.5%, becoming the belle of the ball in the crypto market.

Market Watch: Green Lights Everywhere!

The top-20 coins have decided to paint the town green today, with only one notable exception. Unus Sed Leo (LEO) is taking a slight nap, down 1.25%, while the rest of the gang revs up the excitement. The cryptocurrency market cap has swelled from $214 billion to nearly $221 billion; Bitcoin still holds the crown with a whopping 66.6% of the market.

What’s Cooking at BayernLB?

If you thought you’d heard it all, BayernLB, a reputable German bank, has predictions that would make even your most optimistic bullish friend blush. It hints that Bitcoin could carry a price tag of nearly $90,000 by May 2020, thanks to the stock-to-flow model, forecasting how the upcoming halving might influence prices. Buckle up, folks!