Bitcoin rises and cryptocurrency market rebounds
Cryptocurrency market recovery and Bitcoin BTC price increase
The last few days in the cryptocurrency market have seen quite a revival in trading and increases in the valuations of individual cryptocurrencies. Most notably, the price of Bitcoin BTC has been rising. Why? Recently, news of the collapse of Silicon Valley Bank and Signature Bank circulated the world. Panic and uncertainty quickly hit the market, and with it, share prices of companies in the banking sector fell. The banks listed on the Stock Exchange also suffered the consequences. This made everyone think of the previous crash on the financial markets in 2007-2009. It was after this crisis that Bitcoin was created, which was to become an alternative to classical money. These associations certainly had a significant impact on the mood of investors from around the world. The price at the time of writing this article is breaking through $28,000. The price has skyrocketed 30% in a few days from $20000 for one Bitcoin BTC. You want to know how to buy Bitcoin for USD, euro or GBP? Read more in our article.
Cryptocurrency market growth and recovery
The market capitalisation of cryptocurrencies is also rising to around $1.2 trillion from less than a trillion just a week or so ago. While the growth in capitalisation is driving the cryptocurrency king, other projects are also gaining, with sentiment on BTC pulling the odds upwards. Ethereum is up more than 24%, Binance Coin BNB is up 23.4%. Other projects in the top 10 cryptocurrencies are also posting increases of several per cent. Cardano ADA, Polygon MATIC, Dogecoin, as well as Solana are all growing. Certainly, cryptocurrency investors are pleased with this turn of events and the recovery of the market. Unfortunately, exchange investors cannot hope for the same. Stock exchanges around the world are bleeding and it is unclear how things will continue. The global stock exchanges are losing ground all over. Are we on the eve of another global financial crisis? In our next article I will give you my thoughts on this.
For more than 6 years, he has been interested in cryptocurrencies, tokens and blockchain, as well as other modern technologies like artificial intelligence. I have been actively investing for more than 10 years. I have developed hundreds of highly substantive articles and publications for this and many other external portals.
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