10 Proven Strategies to Improve Your Lead Conversion RateThe crypto market cap rose 1.5% over the last 24 hours to $1.091 trillion. Yesterday, the market surged briefly on the false news of Bitcoin spot ETF approval. But interestingly, the ensuing market tide did not derail the short-term upward trend. That said, we continue to see continued elevated trading volumes. We view this as good news, given that the price is not high by historical standards.
Bitcoin was bouncing towards $30K on Monday, starting at $27.2K. Although we did see a significant pullback, the Bears got busted. BTCUSD closed Monday’s trading above the 200-day average, with the intraday trend gaining momentum. Current positions near $28.5K indicate bullish dominance and confirm the existence of an upward channel since early September with a sequence of more than three higher highs and lows. The market could quickly move to the $29.
Ethereum miners have reduced positions by 12 million ETH since the beginning of the year, while bitcoin miners have accumulated coins, Cryptoslate noted. Since 2020, large investors have emptied their wallets by 20 million ETH. Swan has encountered many customers who want to exchange Ethereum for Bitcoin.