After a few days of trading sideways at around $67,000, bitcoin went on the offensive hard yesterday, jumping by several grand to a multi-week peak of $72,000.
The altcoins’ rally was led by Ethereum, which skyrocketed by approximately 20% at one point amid reemerging hopes about the US SEC approving ETH ETFs soon.The ever-volatile crypto market can change a lot in the span of a week and this is exactly what transpired in the past seven days. Just last Tuesday, the primary cryptocurrency failed to overcome $63,000 and slipped back down to $61,000.
However, it started surging in value once the US CPI numbers came out on Wednesday and shot up to around $67,000. After a few more fluctuations around that level, the assetMonday also started on a calm note, but the landscape changed during the evening US trading session, and BTC exploded out of the gate. In a matter of hours, the cryptocurrencyThis is all you need not to miss any price action in the raging crypto markets.
The total crypto market cap added approximately $200 billion in a day. The metric is now up to $2.750 trillion.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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