Reasons For Bitcoin And Ethereum’s Recent Price Spikes

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The broader crypto market has rebounded, with Bitcoin climbing back to $31,000 and beyond. Ethereum is attempting to break through the $2k barrier. After nine consecutive weeks of losses for Bitcoin, the crypto market recovered remarkably. Due to Sentiments, the Market Is Dull Cryptocurrencies have traded like tech stocks rather than as a separate asset class and an inflation hedge. This is owing to occurrences like the Terra collapse and concerns about the Ethereum merger and imposing legislation, all of which have contributed to broader global economic crises. The global state of affairs, rising inflation, and rising interest rates all

The post Reasons For Bitcoin And Ethereum’s Recent Price Spikes appeared first on The Merkle News.

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