Bitcoin surges above $22K as Powell's Congressional Testimony boosts market sentiment
March 09, 2023 10:20 ISTAccording to the Fed chair, a determination regarding the magnitude of the rate hike scheduled for March has not been finalized yet.
According to the Fed chair, a determination regarding the magnitude of the rate hike scheduled for March has not been finalized yet.
USDT's dominance in the stablecoin market exceeded 54%, marking its highest point since November 2021.
The cryptocurrency market is experiencing a decline as investors are taking on less risk. Today, the entire crypto market is in the red with most digital currencies experiencing a dip in value. This shift in investor sentiment towards risk has led to a sell-off of crypto assets.
The cryptocurrency market has seen a mix of gains and losses, with Bitcoin holding steady near $24,500 and Solana surging over 12%. Other major cryptocurrencies, including Ethereum and Cardano, have experienced slight declines.
The global cryptocurrency market experienced a 2.78% decline on Wednesday following a surge the day before. This was mainly due to losses in Bitcoin, Ethereum, and other alternative cryptocurrencies.
The worth of Bitcoin has escalated by 14%, sparking conjecture about its upcoming direction. In this report, we will explore common predictions for Bitcoin's price and analyze the causes that have impacted recent variations in its value.
Bitcoin, the cryptocurrency with the largest market capitalization, increased by 3.61% and was trading at $25,062.33. Ethereum also saw a rise of 3.13% and was trading at approximately $1,725.61.
The top 10 non-stablecoin cryptocurrencies by market capitalization experienced a mixed morning as Bitcoin dropped below US$24,000. Among those cryptocurrencies, Solana saw the biggest gains, while the leading name coin Dogecoin experienced the largest drop.
Bitcoin and Ethereum experience a significant increase in value, recovering approximately 5% of their worth in recent days. This positive trend has come after weeks of downturn in the crypto market, and investors are taking it as a positive sign.
Bitcoin and Ethereum, both experienced a decline in value. Bitcoin decreased by 3.32% and was trading at $24250, while Ethereum had a 2.72% decline and was trading at around $1,691.88.
Dubai's crypto-friendly regulations have helped to foster a thriving industry, attracting both Web3 and crypto businesses, as well as traditional companies incorporating innovative technologies like cryptocurrencies, NFTs, and the metaverse.
On Wednesday, the gains of cryptocurrencies continued to increase, with the global market capitalization of the crypto industry reaching $1 trillion and the past 24 hours showing a trading volume of $57.8 billion.
On Feb 14, 2023, the price of Bitcoin (BTC) surpassed $22,000, reversing an earlier dip caused by the release of the US Consumer Price Index (CPI) data.
Cryptocurrency prices saw a drop on Monday, continuing from the dip on Friday, as the SEC increased its enforcement efforts in the crypto market. The Kraken exchange was penalized with a $30 million fine for violating SEC rules by offering unregistered securities.
The price of Bitcoin (BTC) and the broader cryptocurrency market experienced a pullback early this week, surrendering a small portion of the gains achieved in January. Nevertheless, it's widely acknowledged by seasoned traders that a technical correction was expected.
The crypto markets are heating up as the prices of Bitcoin and Ethereum is on increase. Both digital currencies have seen significant growth, with Bitcoin reaching a market cap of over $1 trillion and Ethereum not far behind.
The price of Bitcoin has been on a steady upward trend and attracting the attention of investors and traders alike. This latest surge in price has been fueled by a combination of increased institutional adoption, favourable regulatory developments, and growing interest from retail investors.
Despite positive trading for most Cryptocurrencies, Bitcoin, Binance Coin, and Ethereum witnessed a dip in value with significant gains. The Current Market Condition has led to a decrease in the worth of several alternative cryptocurrencies.
Cryptocurrency prices have significantly decreased in recent months, with the value of top coins such as Bitcoin and Ethereum falling from their previous highs. The current market situation has also resulted in a decline in the value of various alternative coins.
The cryptocurrency market has seen a significant decline in prices in recent months, with the value of major coins such as Bitcoin and Ethereum dropping from their all-time highs. The current market conditions have led to a decrease in the value of many altcoins as well.
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