Crypto Market Recovery: Very rapid fluctuations are seen in the crypto currency market. Crypto was continuously falling for the last few days. However, now there is improvement in it. The world’s largest and oldest crypto currency, which was trading below 90,000 dollars for the last few days, breaking its 7-month record, has again reached above 90 thousand dollars.
Its glory is returning since last 2-3 working days. Along with the Indian market, positive trends are also being seen in the American market. Investors still have questions in their minds that, will the crypto market boom again or is this a short-term boost?
Why did bitcoin prices increase?
There is a slight increase in the prices of Bitcoin compared to the previous declines. According to market experts, this rise may have come due to short squeeze. Also, in the last 2 days, investors have expressed confidence in BTC ETF. Which indicates that investors’ interest in crypto is increasing again.
Besides, the expectation of interest rate cut by the US Fed has also increased. Due to which the Bitcoin market is expected to remain in the green. According to coinmarketcap, Bitcoin has jumped by about 7 percent in the last 7 days. Till the time of writing the news, Bitcoin was trading at $91,305.
Today’s condition of crypto market
According to coinmarketcap, at 12:30 pm on November 28, Bitcoin was trading at $91,342. If we compare the last 24 hours, it was registering a rise of 0.10 percent. Whereas Ethereum was trading at $3,010. A decline of 0.60 percent was visible in Ethereum. Solana crypto currency was trading at around $139.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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