The combined gains have added more than $300 billion to the overall crypto market, pushing it back above $2.4 trillion.
Cost bitcoin rallied above $ 50,000 on Tuesday morning after the cryptocurrency market went into a condition of “extreme fear” after an extreme accident toward the end of last week. The Fear and Greed Index, which estimates market opinion, hit its least level since July after BTC tumbled to $ 45,000 on Friday and some cryptocurrency examiners and investors utilize this as a key purchase signal. Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA) are up 5-15% as of now.
Bitcoin remains a long way off the all-time high it experienced last month of close to $69,000, with experts divided over whether the market has turned bearish, or will rebound to new record highs before the end of the year.
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