Bitcoin has doing a great job these days and its price is up and down but it is clear that it is on the way up. It is now close to $98,000, and is exactly at $97,800. People who hold coins seem happy, and those who are thinking of entering the market are confused, should they enter or wait? The world does not stop with these coins, there is something new every now and then, and the profit is high, but the risk is there.
The rise that happened in Bitcoin dragged the rest of the cryptocurrencies behind it, most of them rose by 2 to 5%, and this is normal when Bitcoin moves up, the whole market moves with it. When people see the king coming out, they feel that there are opportunities, so they start buying other currencies, which rise as well. It is also possible that there is good news about the market or positive expectations that made people excited.
Ethereum is also making a strong move as it was at $2600 for a while now it risen to $2750 meaning it has increased by about $150 and this show that there is positive momentum in the market, and people are starting to get excited about investing in it again. With all these increases, Ethereum is increasing its value, especially with the projects and applications it is working on, which make it one of the important cryptocurrencies. It seems that the market is excited about it during this period.
BNB coin was the star of this week, it rose wonderfully and reached $700, meaning it increased by about 25% over last week. This increase is not normal, and this is evident in people's interest in this coin, especially with the development of the Binance platform and the programs it launches. People who have BNB now are definitely happy, and if this movement continues, we may see it reach higher prices.
Thank You for Reading
