One thing about the crypto industry is that it is as unpredictable as ever right now. Reviewed by Accessible360 Zacks Investment Research is an A+ Rated BBB Accredited Business. Maybe that means another stablecoin crash is on the horizon - or perhaps we could see BTC reach nearly $70,000 with the market slowly inching closer to the next Bitcoin halving event. MSN Marketwatch Nasdaq Forbes Morningstar. While crypto prices are steadily rising, some experts are projecting that the market will bottom out before the next high-volatility event. If current Fed rate hikes meet their end soon, crypto investors may get a little frisky with their investments and show the market some more action. Watch Markets Live: Crypto Bounces, US CPI Due, Dollar - Bloomberg Bloomberg TV+ Anchored by Anna Edwards and Mark Cudmore, Bloomberg Markets Europe is a fast-paced hour of news and. These traders betting against the market bought into these assets in hopes to profit when prices decline crypto exchange FTX reported more than $745 million in short liquidations alone.ĭuring a short squeeze period like this, much like the stock market, crypto prices increase because investors feel forced to either buy or liquidate their assets.Ĭrypto investors are also feeling optimistic that the Federal Reserve will soon ease up on interest rate hikes each time this year when interest rates increased, crypto values went down right along with stocks. Still, why is the overall crypto tide rising right now? Especially since the US Internal Revenue Service recently shared new tax guidelines that show that all digital assets, including NFTs and cryptocurrencies, can be taxed under the same rules.Įxpert analysis contends that the current crypto surge comes as traders who shorted the bear market liquidated more than $1.1 billion in crypto assets in the past 24 hours. For Dogecoin specifically, the meme token has been gaining more and more traction since Elon Musk finally, formally revived his intentions to acquire Twitter. Why Are Crypto Prices Rising?įor some days now, Bitcoin’s price was stuck in the $18,500 to $20,000 range, and Ethereum finally surpassed $1,500 for the first time in roughly a month. This is up nearly 2% in the last 24 hours, but still 50% below than the $2 trillion capitalization the market achieved in March. With all of this positive action, the global cryptocurrency market cap has hit $1.4 trillion.
26, per CoinGecko’s data, with percentage changes across the past seven days:
Here are the prices for what some of the top cryptocurrencies are trading for per share as of around 3:30 p.m. To the world crypto is dead, to the OG’s we’re just getting started.- Cryptomom June 18, 2022 The world is acting like Bitcoin didn’t drop to $3867 in 2020 and a year later we saw it skyrocket to $64k.
0 kommentar(er)
