The bitcoin price has started to demonstrate early signs of recovery and an upward trend after experiencing a week-long slump.

Over the past 24 hours, the price of bitcoin has surged by more than 10 percent, increasing from $14,500 to $17,000 at its peak. Since then, in the past three hours, the price of bitcoin has stabilized in the $16,300 region.
Currently, most of the largest trading pairs of bitcoin are alternative cryptocurrency-to-BTC pairs, including Tron (TRX), Ether, and Ripple. According to CoinMarketCap, Tron remains as the largest trading pair in the bitcoin market ahead of the USD-to-BTC pair, settling more than $2.8 billion on Binance, the world’s largest cryptocurrency exchange.