Bitcoin Price Nears $31,000 – Is The Crypto Winter Over?
2023年4月14日 - 10:00PM
NEWSBTC
The rollercoaster ride of Bitcoin price through the volatile world
of cryptocurrency has been a wild one, and the recent surge in
price has many wondering: is the crypto winter finally over?
With Bitcoin price approaching the $31,000 mark, investors and
enthusiasts alike are eagerly watching to see if this is a sign of
a long-awaited thaw in the cryptocurrency market. Bitcoin’s recent
rally shows no signs of slowing down, as its price via
CoinMarketCap stands at an impressive $30,778 with a 1.79% increase
in the last 24 hours and a 10.24% rally over the past seven
days. Source: CoinMarketCap With such strong momentum, the
question on everyone’s mind is: where is Bitcoin headed next?
Bitcoin Price: Experts Weigh In On Factors Behind Crypto’s Rally
The recent surge in Bitcoin’s price has caught the attention of
analysts who are trying to understand what has driven this
impressive rise. While some attribute it to the historic trend of
bull runs prior to halving events, others point to a combination of
factors that have contributed to this increase. According to Wells
Fargo equity analyst Jeff Cantwell, Bitcoin’s recent rise is due to
three main reasons: First – the current banking turbulence has led
many investors to see crypto as a “flight to safety” Second –
investors are covering their short positions. Third – a shift
towards a “risk-on” mentality among investors, as the prospects of
a Fed pivot have increased On the other hand, Forbes suggests that
there are numerous factors driving Bitcoin’s surge, including the
recent banking instability that has strengthened the belief that
decentralized finance options like cryptocurrencies are needed more
than ever. With multiple factors at play, it remains to be
seen how long this surge will continue and whether Bitcoin will
maintain its upward momentum. Cryptocurrencies Rally On Friday As
Market Cap Surges On Friday, several top crypto tokens rallied with
gains seen in Dogecoin, BNB, XRP, Litecoin, and Solana. The global
cryptocurrency market cap also saw a surge, rising to approximately
$1.30 trillion, marking a 4.25% increase in the last 24 hours.
Despite this rally, Bitcoin’s dominance in the market decreased by
0.95% over the day, currently sitting at 46.30%. At the time of
writing, the market cap of Bitcoin, the largest cryptocurrency in
the world, was around $595 billion. BTC total market cap inching
closer to $600 billion on the daily chart at TradingView.com
Related Reading: Little-Known Crypto WOO Outshines DEX Tokens With
Surprise 32% Spike The crypto market appears to be showing signs of
renewed bullishness with multiple tokens rallying and the global
market cap surging. As always, investors and traders should
exercise caution and perform their own due diligence before making
any investment decisions. -Featured image from Pentair
Solana (COIN:SOLUSD)
過去 株価チャート
から 2 2024 まで 3 2024
Solana (COIN:SOLUSD)
過去 株価チャート
から 3 2023 まで 3 2024