CandleFocus

Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Price Rises to 8-Week Peak (Market Watch)

Bitcoin's price has surged to almost $66,000, reaching its highest point since August 1. Ethereum and Binance Coin have also experienced gains, with ETH nearing $2,700 and BNB surpassing $600. Rumors that Binance's former CEO will be released today have contributed to the increase in BNB's value. Bitcoin's recent momentum began after the US Federal Reserve cut interest rates, pushing the asset above $60,000. Despite retracing and encountering resistance at $65,000 multiple times, Bitcoin has continued to climb. The growing demand for spot Bitcoin ETFs in the US has further fueled its price surge. The total crypto market cap has increased by nearly $70 billion in a day and now exceeds $2.3 trillion.

Related News