CandleFocus Bears were wrong: Crypto adds $800 billion market cap in two months
2024-11-10
Author: Content Editor
The cryptocurrency market has recently entered a bull market, adding over $800 billion in capitalization in just two months. This growth has been driven by the Crypto Total Market Cap Index (TOTAL), which saw a significant increase in the last five days, adding over $465 billion. Bitcoin reached a price target of $77,500, causing nearly $400 million in liquidations from short and long positions. Bears who had been shorting Bitcoin and altcoins have been punished by this market movement. Some traders and analysts are now focusing on altcoins with high growth potential and predicting a decrease in Bitcoin's dominance. However, caution is advised to avoid being caught up in the fear of missing out.
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