Bitcoin, Ethereum and Dogecoin: Prices are on the rise

Wednesday night Bitcoin And Ethereum They have seen a rally, but are still trading below key psychological levels; At press time, the global cryptocurrency market capitalization is up 2.1% to $1.8 trillion.

Major currency price trends
Currency 24 hours 7 days price
Bitcoin (CRYPTO: BTC) + 2.9% -5.3% $39289.74
Ethereum (CRYPTO: ETH) + 2.5% -6.1% $2890.95
Dogecoin (CRYPTO: DOGE) + 2.8% + 0.03% $0.14
Coins at their highest gain in the last 24 hours (CoinMarketCap data)
Cryptocurrency Percentage change in the last 24 hours (+/-) price
Secret (SCRT) + 16.5% $4.80
Steppen (GMT) + 15.3% $3.80
convex finance (CVX) + 12.3% USD 27.48

Because it’s important

Wednesday, President of the Central African Republic Faustin Arching Touadera The law has officially signed off on making bitcoin legal in the country, according to a Washington Post report; Earlier this week, the African State’s National Assembly approved a bill to that effect.

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Major cryptocurrencies moved into positive territory on Wednesday, with stocks attempting to rally. At press time, S&P 500 and Nasdaq futures are in green, up 0.6% and 1.1%, respectively.

Stock investors were bullish on the strong earnings data shown by several tech names, and it seems that the glut has extended to cryptocurrencies; Edward MoyaBitcoin’s recovery has been rather muted – holding the cryptocurrency below $40,000 – as the dollar continues to show some strength, said OANDA’s chief market analyst.

Moya wrote: “If risk appetite remains strong on Wall Street, bitcoin may continue to rally if gains continue to emerge, but shortly after Thursday’s massive tech gains, markets could enter a trading range until the FOMC decision. next week” note seen by Benzinga.

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Cryptocurrency trader Justin Bennett He tweeted that “the odds of bitcoin detaching from stocks in times of risk aversion are close to zero.”

“I don’t think that will ever happen, and it was not expected. Arguing about digital gold is meaningless because gold also suffers in times of fear,” Bennett said.

Meanwhile, the number of Bitcoin addresses has risen since the start of the war between Russia and Ukraine, according to a tweet from Santiment.

“Since then, there are 1,629 shark and whale titles that hold 10 to 100,000 new coins or have returned to this millionaire (or higher) status,” the market data platform said.

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