Bitcoin has risen above $27,000 after a brief dip below that level, with altcoins such as Render Token, Synthetix, and Mas Network experiencing double-digit gains. Last week was more volatile than this week, with the most significant price fluctuations occurring after the US CPI numbers for April were released.
After a minor increase, bitcoin fell to a two-month low on Friday before returning to $27,000 over the weekend. The past 24 hours have seen an increase of almost $1,000, with Tether's announcement of a new policy allowing it to purchase certain amounts of bitcoin contributing to the rise.
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