Bitcoin crosses $25,000-mark for 1st time since June. What's behind the rally?
Bitcoin prices have touched the $25,000 mark for the first time in 8 months i.e. since June 2022. From November lows itself, the token is up 60%
Back in Demand
Among the key reasons behind the crypto market gains is that the worse of monetary tightening might be over. Analysts believe the headwinds impact of various regulatory moves has been factored in
Worse of monetary tightening over
Bitcoin's market cap has crossed that of Visa and MasterCard. Overall, the global crypto market has risen over 2% in the last 24 hours, with the m-cap crossing the $1 trillion mark. What's behind the rally in cryptos
M-cap Picture
The absence of any major macro catalysts coupled with a fall in equity volumes is driving interest back to cryptos. According to analysts, this is a volume as well as a technical-level push
Fall in Equity Volumes
Over the last 7 days, Ethereum and Bitcoin are up 14% and 15%, respectively, while Binance has risen by 8% in the same period. (Tex Source: ET NOW)