Bitcoin stands at two-months high
The cryptocurrency market, where the daily volume exceeds $ 900 billion, is trying to heal the wounds of successive bankruptcies on the day that Bitcoin started with $ 18,800.
While narrow-band rising movements in the crypto money market were replaced by rapid and voluminous increases, Bitcoin exceeded the $ 19,000 level. $1440 levels were seen in Ethereum. Many altcoins are premium over 50%. At the start of the last trading day of the week, Bitcoin is priced at $18,800, just below the $19,000 level.
Bitcoin stands at two-months high
Bitcoin, which was priced at these levels before the bankruptcy of the FTX stock market in the first week of November, is trying to heal the wounds caused by the bankruptcies. In the crypto money market, where the new year has created a positive atmosphere, the rise of Bitcoin since the beginning of the month has reached 15%. The total market capitalization of cryptocurrencies has exceeded the level of 900 billion dollars. Daily volume is at $65 billion, the highest level since November 8.
The rise of cryptocurrencies is also supported by global markets. With the inflation data from the USA yesterday, annual inflation decreased to 6.5% in December. The consumer inflation, which peaked at 9.1% in June, started to catch a downward trend, which is welcomed in the markets. Yesterday, the US indices closed the day with gains between 0.5% and 1% points. Particularly, the words of the FED vice presidents supporting the 25 basis point rate hike in the next meeting made the markets happy as the slowdown in the rate of interest rate increase became evident.
