How High Can Bitcoin (BTC) and Ethereum (ETH) Soar Before the Christmas Rally? | Headlines | News | CoinMarketCap

11/11/2023 23:13
How High Can Bitcoin (BTC) and Ethereum (ETH) Soar Before the Christmas Rally? | Headlines | News | CoinMarketCap

As of November 11, the recent trends in the crypto market show a mix of resilience and optimism. Despite the usual ups and downs, investors are …

As of November 11, the recent trends in the crypto market show a mix of resilience and optimism. Despite the usual ups and downs, investors are showing a growing sense of bullishness, as seen in the market's consistently upbeat performance. Surprisingly, even Federal Reserve Chair Jerome Powell's hint at a potential March rate hike, aimed at reining in inflation to the 2% target, hasn't dampened spirits. The market remains robust, thus challenging typical cautious sentiment.

Zooming into individual cryptocurrencies, Bitcoin (BTC) is now trading around $37,000. Ethereum (ETH), despite a minor 2% dip, is maintaining a position just over $2,000, having recently surged to a seven-month high of around $2,130, spurred by BlackRock's interest in an Ethereum ETF. Amidst these giants, ScapesMania …

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