Crypto market is showing momentum
Hello lovely people of Hive and leofinance community. Hopefully you will be enjoying yourself with good health and spirit. Friends, crypto market is showing momentum despite the negative news in the market. Negative news badly hit the market. However, this time market is going great. Market which was around to $810 Billion a week ago has managed to surpass $1 Trillion. Current global crypto market cap is $1.05 Trillion.
Good recovery by the market. Interestingly recovery came in crypto market when genesis trading filed bankruptcy. However, this news didn't hit the market as the market is still manage to maintain $1.05 Trillion.
BTC as usual at the top of the table with a market cap of $441 Billion. BTC has a lion share of 42% of the total market. Coin observed 1.34% dip in price. Currently coin is trading around $22,900.
Second placed coin ETH somehow managed to maintain its worth and currently coin is trading around $1656. Most of the coins either observed a little bit gain or maintain their worth. Good sign for the market.
Overall a good time for the investors but is this the end of bearish trend. We can't predict this at this stage, negative news in the market may observe big dip in the market. In my opinion it is not a good time of new investment as market may dip further due to some bad news and event.
Crypto market picked up the momentum after CPI report. Lower interest rate, decreasing inflation number helped market to grow. Hopefully the number will decrease down further in next month report. It wil help to bring massive equity on crypto world. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Posted Using LeoFinance Beta
It nice to see the market gaining momentum,the hole bearish season should be over please
It's definitely a bullish trend and I hope it stays that way for awhile. More support will see the price climbing up further while a resistance could throw us back in the mud.
Congratulations @zartisht! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Support the HiveBuzz project. Vote for our proposal!
Positive momentum is good for the crypto market. Till the end of Jan no negative news is expected on the interest rate change so this should be a good thing for crypto