CandleFocus Why Crypto Market is Up Today? Bitcoin Surges To Above $98,000
2024-12-22
Author: Content Editor
The BTC and digital asset markets are up, with the broader virtual currency market capitalization standing at $3.56 trillion, up 5.31% from yesterday. The total crypto trading volume is $312.18 billion. Bitcoin is trading above $98,000, while other major cryptocurrencies like Cardano, Dogecoin, and XRP have also increased in value. Despite today's surge, many crypto assets are experiencing a correction due to the Fed's updated macroeconomic forecasts, which triggered reactions in international investment markets. The current market correction reflects ongoing price fluctuation driven by factors like the central bank's stance on lending rates and inflation. However, the digital asset markets remain resilient, and investors anticipate potential opportunities for growth.
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