Crypto market turns green as investors expect another bull run
The global crypto market has suffered a strong bearish momentum since early 2022. However, Bitcoin’s (BTC) surge above $30,000 has triggered a market -wide rally for most altcoins. According to the data provided by CoinMarketCap (CMC), the global crypto market capitalization hiked by 2.05% in the past 24 hours, reaching roughly $1.16 trillion. Per the data aggregator, the market ’s 24-hour trading volume surged 21%, surpassing the $47 billion mark. As the market rallies, Bitcoin’s price witnessed a 2% surge and is trading at $30,730 at the time of writing. BTC’s market dominance hiked to 51.5%. This suggests that the flagship cryptocurrency, Bitcoin, could’ve driven the recent rally. BTC price on Oct. 23 | Source: Trading View Moreover, the “fear and greed” index has also surpassed the 55-point mark, reaching a three-month high despite the negative impact of the Israel-Hamas war. You might also like: FBI charges 6 for running $30m crypto ring Crypto investor and...