Why is crypto market rising

why is crypto market rising

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Bitcoin on the rise: Here's what you need to know
Despite the woes of companies like FTX and Binance, bitcoin prices have surged % this year to top $ Here's why. The main reason was due to the Federal Reserve's approach towards a hike in interest rates, rising trust towards decentralized finance after the banking fiasco. January Crypto Market Performance Bitcoin prices briefly jumped to new week highs near $49, in January on the day the SEC approved spot.
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This bullish trend is not exclusive to Bitcoin, as several other altcoins are also experiencing notable gains, reigniting the optimism commonly associated with "Uptober. Please enter email address to continue. Several factors are fueling bitcoin's latest rally. Other posts from.