Bitcoin is recovering
Bitcoin ETF accumulated tens of thousands of Bitcoin reserves with the approval of Blackrock The fact that organizations such as these constantly transfer huge BTC from wallets to exchanges or withdraw BTC from exchanges to wallets causes anxiety. As such, Bitcoin sales increase from time to time and have a negative impact on the price.
With the expectation that global markets will recover and interest rates will start to fall this year, the Bitcoin price surpassed the level of 48 thousand dollars today. Considering that it was $38900 on January 23, it increased by more than 25 percent in just 16 days. Long positions that caught the bottom made huge profits.
Ethereum also broke the $2500 barrier after a long time. Since Ethereum has always determined the altcoin trend, this rise has followed many cryptocurrencies. New projects such as TIA, DYM, INJ, KAS, ARB, SUI, ORDI have reached their highest levels. Money is expected to enter the market next week as the ERC-404 flow attracts new investors.
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Source link: https://www.donanimhaber.com/bitcoin-yukseliyor–174014