Flagship cryptocurrency asset, Bitcoin, is bullish at the start of the London session today, trading above the $30,000 zone, as the lost bulls of the market have finally been found. Bitcoin is up over 10% as of the time of this writing after falling to trade as low as $26,350.49, as a result of the LUNA capitulation.

The cryptocurrency market capitalization is up 11% as of the time of this writing, to currently stand at $1.3 trillion. Yesterday, the market capitalization nearly fell below $1 trillion, to trade as low as $1.15 trillion, a price point not traded since June 2021.

With Bitcoin rallying, so it the altcoin as they are all posting gains of 10% and above with some tokens like BNB, ADA, DOT posting over 30% gains in the last 24 hours. The current rally is attributable to increased demand from bullish as investors are mopping up the lower price ranges seen in the market.

For now, sell rallies if you have the mind or stay in USDT.