Bitcoin, Ethereum Jump 6% as Market Hits $1 Trillion Mark
Crypto markets saw a sudden upward movement in the early hours on Tuesday as the price of Bitcoin (BTC) has once again reclaimed the $20,000 level.
The leading cryptocurrency, which was trading below $19,000 on Monday, is up 6.4% over the past day, currently changing hands at a 10-day high of $20,199, according to data from CoinGecko.
While investors hope the latest price action will signal a new bull run, this is still a far cry from the asset'S all-time high of over $69,000 that was recorded last November. As of today, Bitcoin has fallen by roughly 71% from its record high and is down 57% since the start of the year.
The Fear and Greed Index, a metric used by some investors to gauge the market sentiment, is currently at 20 points, which corresponds to "extreme fear." Read More...
