Bitcoin Proves Bull Market Status as Cryptocurrency Market Surges

  • 📰 SATodayNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 51%

Finance Nachrichten

Bitcoin,Cryptocurrency,Bull Market

The cryptocurrency market shows signs of a bull market as Bitcoin and altcoins experience significant gains. Bitcoin reaches $72.8K, just below its all-time high, while Ethereum surpasses $3700. The market's Fear and Greed Index reaches extreme greed levels.

The cryptocurrency market added 2.2% in 24 hours to $2.66 trillion, with heavy buying in “older” altcoins. The Cryptocurrency Fear and Greed Index climbed to 80 – extreme greed – the highest since 27 March.

Ethereum rallied throughout Monday, adding about 10% and surpassing $3700, its highest since March 15. There has been a pullback since Tuesday morning, but it looks more like an attempt to take profits after six consecutive days of gains than the start of a decline. Technically, the bullish signal in ETHUSD’s rise is a sharp move above the 50-day moving average on Monday. An equally strong downside momentum would be required to reverse the positive scenario.

Cryptocurrency market capitalisation will double to over $5 trillion in 2024, according to Ripple CEO Brad Garlinghouse. He said he is “very optimistic” about the emergence of spot bitcoin-ETFs in the US, which are “bringing real institutional money to the table for the first time”.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 44. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Old Bitcoin miners to flood second-hand market as halving loomsSeveral hundred thousand US-based Bitcoin mining computers will be refurbished and sold abroad due to their foreseen inefficiency surrounding the upcoming halving event in mid-April.
Herkunft: mybroadband - 🏆 11. / 67 Weiterlesen »

Mixing Business With Pleasure – LinkedIn Proves To Be Huge For Modern DatingSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Herkunft: 2oceansvibe - 🏆 43. / 51 Weiterlesen »

Asian stocks erase gains in run up to quarter-end: Markets wrapBitcoin fell 0.5% to $70 628.51.
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »