Bitcoin recovers and altcoins continue their good moment.
Bitcoin price (BTC) rises 3.05% and at the close of this note the main cryptocurrency is listed at $30,423. On Monday the currency had dipped below 30K, but recovered at high speed.
The futures markets saw a total of $35 million in BTC positions liquidated in the last 24 hours, and around half in ETH positions. More than 60% of that amount represented long orders.
According to the analysis company Bernstein, Bitcoin’s rise in 2023 is related to the collapse of FTX. “The FTX crash cleansed the crypto ecosystem of toxicity and taught investors the importance of decentralization and self-custody wallets“.
altcoin market
ethereum rises 2.09% and trades in $2,118. AVAX rises 4.25% to USD 21.49, Solana (SUN) increased 1.39% and is worth USD 25.29, while Dogecoin rose 0.44% to $0.093. Cardano (ADA) rises 0.72% and trades at USD 0.44. B.Finance Coin (BNB) rises 1.17% and trades at USD 345. Meanwhile, Litecoin rises 3.38% to USD 102.63 and XRP rises 2.23% to be worth $0.52.
Keep reading:
► Jim Cramer’s lousy advice on Bitcoin
► The unusual reward of 1 million DOGE from Elon Musk
► Warren Buffet, very tough against Bitcoin: “It’s like playing roulette”
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