By Admin 
Bitcoin Price Today: There are constant ups and downs in the crypto currency market. The crypto market was continuously falling for the last few days. However, improvement is being seen on Wednesday’s trading day. The world’s largest and oldest crypto currency crossed the price of $ 93,000 on Wednesday.
Due to which investors have heaved a sigh of relief. After the ongoing decline in crypto, such a sharp rise can bring back investor confidence in crypto. Besides, the US Federal Reserve meeting is also going to be held on Friday. Rate cut may provide support to the crypto market. Let us know the condition of crypto today…
Stormy rise in Bitcoin
There has been a brake on the ongoing decline in Bitcoin prices for the last few days. Bitcoin has made a tremendous comeback. According to CoinMarketCap, Bitcoin was trading at $93,758.92 during the trading day.
Talking about the last 24 hours, a rise of about 8 percent is being seen in Bitcoin. Bitcoin had recently fallen below its seven-month record high of $90,000. Ethereum crypto currency has also jumped by about 10 percent in the last 24 hours. Ethereum is trading at $3,072. Solana is also registering a growth of 12 percent.
What is the reason for this rise?
According to information received from media reports, a large amount of investment was recently seen in spot ETFs of Bitcoin, due to which the trading volume increased to the figure of $ 5.1 billion.
When such a large amount of money is invested, it has a direct impact on the prices. Also, increased expectations regarding interest rate cut by the US Fed could also be the reason for this rise.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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