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Latest Cryptocurrency Market Analysis and Bitcoin’s Growth Potential – WhiteBIT Insights

Screenshot from WhiteBIT.com

At the same time, the market capitalization of the asset is $684 billion with a daily trading volume of $12.3 billion.

Total market capitalization of cryptocurrencies per day, according to CoinMarketMap fell to $1.32 trillion.

Ethereum (ETH) is trading at $1.88 thousand. Other assets in the top 10 by capitalization are also predominantly in the “green” zone, according to WhiteBIT data.

In particular, WBT – $5.372, ADA – $0.346, XRP – $0.68, UNI – $5.08.

Screenshot from WhiteBIT.com

Let us remind you that Bitcoin closed October 2023 with an increase of 28.5%.

The rate jump occurred against the backdrop of the announcement of the Federal Reserve’s decision on the interest rate. The regulator left it unchanged. It is noteworthy that immediately after the meeting the activist reacted with restraint.

Experts do not rule out that by the end of 2024 the Bitcoin rate could soar to $150 thousand per 1 BTC. The main condition is the launch of cryptocurrency exchange-traded funds (ETFs) in the United States.

Previously, we published instructions on how to select and open cryptogamanets. Step-by-step instructions for a beginner – follow the link

2023-11-06 15:12:00
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