Bitcoin tries to break through six-month high
We are going through the days when bulls dominate cryptocurrencies. In the new week, the total value of the market is at the level of $1,120 trillion and the increase continues.
Bitcoin, which exceeded the $25,000 levels last week and rose to the highest level since August 2022, tried to surpass this level again over the weekend. Recently, the US Securities and Exchange Commission, the SEC, launched an investigation into Kraken and Binance exchanges, and Bitcoin's upward movement lost some strength. However, with the news that the amount of penalties that may come later, the amount of penalties may be low, a rise was seen in cryptocurrencies again. Starting the new week at $ 24,300, Bitcoin finds buyers in the $ 24,500 region in the morning. Ethereum, on the other hand, is trading just below $1,700.
Bitcoin tries to break through six-month high
With the somewhat loosening of Bitcoin dominance, altcoins also seem to have a receptive course. We are passing through the days when the bulls are dominant in the crypto money market, where a generally positive atmosphere is dominant. It is noteworthy that Bitcoin made a 60% premium from the bottom level it saw in November. In the new week, the total market value of the crypto money market is at the level of $ 1.120 trillion and continues its increasing trend. Daily volumes, on the other hand, are over $60 billion due to the rise.
In global markets, hawkish expectations started to gain strength after both producer and consumer price indexes in the USA were higher than expected in January. The minutes of the US Federal Reserve will be on the market's radar this week. Messages regarding the inflation outlook and clues regarding the upcoming meetings will be followed.
