Bitcoin closes at the highest daily candle since September 12, 2022
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Answer Bitcoin closes at the highest daily candle since September 12, 2022
Bitcoin price started to rise in the last 24 hours and drew a new high in two months.
Several altcoins have also made impressive gains in the past 24 hours, including the cryptocurrency MATIC, which reached $1.2 earlier today.
Bitcoin hits highest daily candle since September 12, 2022:
The primary cryptocurrency went through many ups and downs at the beginning of the month, especially since the beginning of the month bore many events coming from the United States.
Initially, the Federal Reserve raised interest rates by 75 basis points, sending bitcoin south from $20,800 to $20,000.
Then the bulls defended that level, and when the higher-than-expected US jobs report came out two days later, Bitcoin started gaining value.
Read:Binance founder explains the real reason behind the collapse of the crypto market
As such, the price of Bitcoin approached $21,000.
Although it failed at this level during the previous two attempts to beat it, this time the origin broke through.
As a result, the price jumped to $21,500, which became the highest price Bitcoin has seen in nearly two months.
Now at the time of the article’s publication, the price of Bitcoin has rebounded by a few hundred dollars but is still standing north of $21,000.
Bitcoin’s total market cap has exceeded $400 billion, and its dominance over altcoins is 38.6%.
MATIC cryptocurrency is on the rise again:
Ethereum coin has added another 3.5% in the past 24 hours and is currently trading above $1600.
Binance, Cardano, Polkadot, Shiba Inu, Tron, and Avalanche also made some small gains on a daily basis.
Dogecoin, Solana and Polygon prices are up more than 5%.
The DOGE cryptocurrency has been among the best performing cryptocurrencies in the past 10 days.
Where the price of the currency was affected by the acquisition of “Elon Musk” on Twitter.
Read:FTX Ventures acquires 30% of SkyBridge shares…Details here
The Matic cryptocurrency is also among the altcoins that have achieved a profitable rise in the last 7 days, recording a rise of 30% in the last week.
The rise in the value of cryptocurrencies led by Bitcoin has resulted in the total market cap rising by more than $1 trillion, up 2.9% in the last 24 hours.
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Bitcoin and Ethereum prices rise after the publication of the unemployment report in the United States of America…Details here
Coinbase reports a net loss of $545 million in the third quarter of 2022
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