Bitcoin spikes above $21K, pushing the total crypto market cap back above $1 trillion

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Moving forward, Wyckoff said that bulls need "to show important follow-through buying strength in the next couple days, which would suggest a near-term market bottom being in place." Prior to the move higher, Lifchitz warned that global actions by Central Banks to "increase their interest rates in order to fight inflation were producing a lot of headwinds for risk assets in 2022, including Bitcoin." This is especially true of the US Fed, "which is so far ahead of its peers in terms of tightening, that it has strengthened the USD, and therefore, weights on the Bitcoin price in USD.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Total crypto market cap falls below $1 trillion as BTC struggles below $19kBitcoin price hit a low of $18,550 in the early hours on Wednesday, its lowest price since early July as the total crypto market capitalization plunges below $1 trillion. Do not fear bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets, accumulate $BTC Y’all follow btcmarrt she’s is a wonderful analyst in crypto, her tweets & tips has been accurate Follow her Binance will be completely banned Nationwide EOY by the Canadian Liberal Government. Justin Trudeau has done amazing Job banning Binance exchange from Operating in Ontario Canada. They have continued to mislead many Canadians into illegal organized gambling schemes. This is fact!
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »