So, there is some relief for the investors as global crypto market is in green for the last two days. Past few days were really stressful for the investors as Bitcoin was trading below $30,000, its lowest since January 2021. But still no one can predict that what will happen the next moment as this market has become very volatile and it’s changing its pace rapidly.
Bitcoin, Ethereum, Polkadot, And Other Major Cryptocurrency Are In Green Today
The global cryptocurrency market capitalisation is $1.32 trillion which is up 2.85 percent from the previous day. It can be seen that the market is recovering but still we can’t ignore its dynamic nature. Over the weekend, Britain’s watchdog FCA has ordered that Binance, which is one among those world’s largest cryptocurrency exchanges, cannot conduct any regulated activities in the United Kingdom, as the firm lacked authorization and if they want to conduct any such activities, it will not be possible without prior consent of the FCA.
Tesla CEO Elon Musk and Twitter CEO Jack Dorsey are going to have a conversation at an event called ‘The B School’ where they will be discussing about Bitcoin with each other. Some sources suggest that the event will offer a live experience and a library of content to the investor community, enabling a more informed discussion about the role Bitcoin can serve for institutions across the globe.
As today the crypto market has built some positivity in the minds of investors, so Edul Patel, Co-founder Mudrex says that, “A huge psychological boost to the crypto enthusiasts came when Bitcoin rebounded off a crucial support zone and jumped higher in the last 24 hours. The positive sentiment across the board supported by good volumes suggested that the crypto enthusiasts are out of the weekend panic. In the recent past, we have witnessed that every dip is being bought into by the investors. It suggests that investors are bullish on cryptocurrencies in the longer term.”
As the crypto market is seeing a lot of ups and downs these days, China has imposed crackdown on all mining projects, Britain’s watchdog is not letting Binance to be used for exchanges, but still investors are investing with great enthusiasm in the market despite of the many risks and this must be one of those reasons that market is still doing good.
Top Cryptocurrencies And Their Value On June, 29, 2021 (Tuesday)
Value (Tuesday, 29 June 2021)