Major Coins Traded in Green Thursday Night Following News FTX Exploring Potential Reopening of bankrupt cryptocurrency exchanges.
What Happened: Bitcoin Bitcoin/USD We regained the $21,000 level we lost the day before, up 1.5% in the last 24 hours. ethereum Ethereum/USD up 1.83% at $1,550, dogecoin Doge/US Dollar It rose 0.85% to $0.081.
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US stocks closed lower on Thursday as investors dealt with renewed fears of a possible recession. The Nasdaq Composite was down 0.9%, the S&P 500 was down 0.7% and the Dow Jones Industrial Average (DJIA) was down 0.7%.
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“Bitcoin is rising today, mostly finding support ahead of the $20,000 levels. We may largely ignore the news of the demise of a nasty crypto company.” Ed Moya A senior market analyst at OANDA, in a note Benzinga saw.
crypto analyst Michael van de Poppe He warned investors not to get overly excited about its upcoming plans. genesis Although the case, it shows that the market still has momentum. He emphasized that the key area to watch right now is BTC between $21,100 and $21,300.
Recto CapitalThe pseudonymous analyst believes that if Bitcoin’s ongoing uptrend follows 2019’s uptrend, its price could easily reach $32,000 in the coming months.