The cryptocurrency market has displayed bullish momentum, with a 2% increase in the past 24 hours.
Bitcoin (BTC) has reclaimed the spotlight, surging to $37,904, marking a 16-month high.
In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength.
This bullish trend persists despite recent statements from Federal Reserve Chairman Jerome Powell, who emphasized the central bank’s readiness to raise interest rates further if inflation fails to subside and remains above their desired target of 2%.
Since November 07, Bitcoin (BTC) has been a standout performer, with its value climbing to $35,500. This rally also fueled the surge in altcoins. This impressive performance marks the highest point for the total cryptocurrency market cap in 16 months.
Crypto Market on the Rise
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