Is Crypto Market Experiencing the Next Bull Run?
- The green heatmap depicts the cryptocurrency gains in the last month.
- Bitcoin (BTC) is in to and fro motion at the $25K level.
After facing the two major collapses in the year 2022, many thought the crypto industry might not see the daylight ever again. But this present year 2023, gave a great start for the assets in blockchain technology. The cryptocurrency idols, Bitcoin (BTC) and Ethereum (ETH) are sailing in the better phases for the last two months.
The above heatmap depicts the cryptocurrency gains in the last month. Apart from the stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD), other currencies have shown bullish movement. The increase is between 5 to 15%, but the point to note is the stability the tokens have maintained.
Prices of Cryptocurrencies
Bitcoin and Ethereum prices are key factors for determining the mood of the crypto market. When BTC and ETH are having a decent trading prices, the traders and investors have an optimistic approach. And to boost them, BTC is in to and fro motion at the $25K level. BTC witnessed this level previously in the month of June, last year.
Similarly, ETH is trading at the $1.7K level, the seven days low is also $1,686. Other coins like Binance (BNB), Cardano (ADA), and Polygon (MATIC) have attained 4.25%,9.51%, and 47.65% respectively, in the last 30 days. And the crypto community wishes this pattern to continue, with the upcoming queue of updates from leading platforms.
Not to forget, the crazy hype of the cryptocurrency is lively because of the memecoins and their sincere advocates. And last week they set a remarkable target with their trend. Let it be the tweet made by Elon Musk or the expectation people had on Floki Burn Portal. The environment was busy with the discussion over these scenarios.
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