Yes! Bitcoin at $38k, See Why they Say It Has A Mind of its Own
Published
10 months agoon
Bitcoin is currently trading at over $38k in price as at press time and this was a significant jump in few hours over the past weeks.
The crypto market for some weeks has been in what some analysts would say bearish state. But like every sound crypto investor when telling others to consider buying a crypto, “Do your Own Research”; Crypto has shown again that when it comes to predicting its movement accurately, that is a near-impossible task. It has a mind of its own. Does it?
For some weeks now, some crypto analysts were calling the bottom of bitcoin to be $25,000 after seeing the massive FUD, market sell-off activities and negative sentiments. This was also influenced by the total market capitalization falling to 1.3Trillion dollars.
Like previous bull runs, they concluded the 2021 bull run has ended. Some of these investors or trades must have also taken a short position on the unpredictable cryptocurrency.
See the blockchain Central Bank of Nigeria’s (CBDC – e-Naira) will run on.
According to data from Whale Alert, there seemed to be a lot of stablecoins moving to exchanges in the last 24 hours. As at press time yesterday, Bitcoin was trading at $34k and has gained 12% in just over 24 hours putting it at $38.5k per btc.
Other cryptocurrencies are also enjoying the bull ride.
Second largest cryptocurrency Ether is currently trading at an 8.82% gain sitting on a marketcap of $274.8billion with a price of $2,350.
Binance Coin – BNB is currently enjoying a 7.16% gain at the price of $322.
After the the first ponzi, Racksterli, Davido promotes RapDoge
Cardano and Dogecoin are both enjoying the highest gains amongst the top ten coins at a gain of 14% and 16% respectively. Gavin Wood’s Polkadot is trading at a 12% gain with a price of $15.16. XRP is living the life at the number 6 position of the largest cryptocurrency with a price gain over the past 24hours of 10%.
With the total market capitalization at 1.55 Trillion dollars, heating activities on exchange would the bull sustain this massive surge? Tell what you think below.
You may like
Latest Episode on Inside Blockchain
Crypto News Update
Crypto Street
Trending
Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
The advent of Bitcoin has paved the way for seamless cross-border payments. The demand for third-party intervention in financial transactions...
Explore, Build Assets, Fight and Earn in the Supernova Space
A new economy was opened in 2017 when blockchain was integrated into gaming to produce the first Web3 game: CryptoKitties....
Owl.Games: The Rise of Crypto Games in the Casino Industry
Crypto gaming used to be new a few years ago but it’s going mainstream now. However, there are some sectors...
BCAT Africa: Reducing Unemployment in Africa
One of the greatest lines spoken in the Spiderverse is “with great power comes great responsibility”, although it can be...
Gamified NFT Platform Trove Announces Launch Partners SideQuest
Trove has announced its new Launch Partnership with SideQuest, a gamified risk-to-earn NFT collection. It was announced on Twitter today. ...
ALL Sections
Recent Posts
- Move To Earn: Keep Fit, Sport, Connect and Earn on the Calo Metaverse
- Top 5 Move-to-earn Applications on Google Playstore
- Top Move-to-Earn Projects Below $100 Million Market Cap
- MetaRuffy: An Intersection of Blockchain, Web3, VR, and AR
- Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa