Token prices in crypto go up as the market bounces back

  • November 23, 2023
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The dip in the market saw a big rebound after traders witnessed Bitcoin and other tokens in crypto go up, with a strong upward action in the last 24 hours.

Investors witnessed the market trajectory of crypto go up as the losses of the last couple of days vanished in the previous day. Bitcoin brushed aside all bearish sentiments and pulled above $37,000 yet again. Earlier, the had occurred after the head of a major exchange stepped down from his position. The inhibition in the market after the event died down soon after, though.

US regulators have also settled with the particular crypto exchange, which could have led to the crypto rebound. A mass outflow of funds from the exchange also did not happen, which could have renewed investor sentiments. The Fear and Greed Index of Bitcoin stayed in green, indicating continuous buying activity in the market.

Meanwhile, Bitcoin’s intraday volatility surge also prompted a mini-crypto rebound in other tokens. Ethereum jumped above $2000 again, while others like BNB, Solana, XRP, Polygon, and Polkadot also registered positive returns.

Bitcoin is trading much above its 20-day moving average with its present prices. If its support at $37,000 sustains, the $40,000 target could be a reality within this year.

BTC/USD 1D price chart

Bitcoin is currently trading at around $37,400 on November 23, 2023, with BTC/USD trading higher by a margin of 3.8% in the last 24 hours. Bitcoin’s market cap is trading at around $731 billion.

BTC/USD is trading higher than its 20-day EMA (35,949.53), as BTC’s 24-hour volume was at around $22 billion. The crypto market cap increased by around 4.61%, trading at $1.42 trillion. BTC’s year-to-date returns are above 126%

With this bull run, it’s the perfect time to join Millionero and start your crypto trading journey today!

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