The post Why Crypto Market is Up Today? Here Are the Major Reasons appeared first on Coinpedia Fintech News
The entire crypto market registered notable gains in the past 24 hours led by Ethereum (ETH) and Ethereum Classic (ETC). Significant liquidations on both long and short traders, amounting to about $280 million, have been recorded amid heightened volatility.
However, the crypto bullish outlook that began in early 2023 is expected to continue in the coming two years as more investors adopt the nascent blockchain technology and Web3 products. Furthermore, the entire crypto trading volume spiked by over 40 percent to about $120 billion amid heightened greed based on the fear and greed index.
Top Reasons Why Crypto Gained Today
Spot Bitcoin ETF Approval in the US
After more than a decade of waiting and constant lobbying in the United States Congress, institutional investors can now tap into Bitcoin through ETP shares issued by 11 fund managers. Notably, three of the five commissioner
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