Cryptocurrencies continue to rise
With the rise in the new year, the market value of cryptocurrencies reached the $ 900 billion limit.
Cryptocurrencies, which have recently been premium in a narrow band range and with low percentages, moved yesterday. Valuation in Bitcoin reached 5% and was seen at $ 18,500. Ethereum broke $1400. Daily rises in altcoins found 10%. The markets, which tried to compensate for the negative divergence experienced in the past, started 2023 on a very positive note.
Cryptocurrencies continue to rise
Bitcoin has risen by 10% since the beginning of the year, and Ethereum by 20%. In the case for the FTX stock market, the news that the company lawyer was collected $ 5 billion to pay the debts to the creditors was effective. After the rise, the total market value of cryptocurrencies again reached the $ 900 billion limit. Daily volume also reached a one-month high with $50 billion.
Additionally, global markets were supportive. US Wall Street indices closed the day with more than 1% gains. The fact that FED Chairman Powell did not make surprises in his speech on Tuesday and the positive expectations of FED vice presidents about inflation have been supporting the markets for two days. Today, the most important major data of the week, US inflation will be announced. The expectation is that inflation in the USA will decrease from 7.1% to 6.5%. A data that is in line with and below expectations can continue to support cryptocurrencies that are already morale.
