Today in the world of cryptocurrencies, several significant events and trends are attracting attention:
Bitcoin recovers: Bitcoin rose 2.4% today, reaching a price of $91,532. This growth comes after the market capitalization of cryptocurrencies increased by 2.2%, reaching a total of $3.2 trillion. Around 90 of the 100 most popular cryptocurrencies have seen gains in the last 24 hours, indicating positive market dynamics. Zcash on top of performance: Zcash (ZEC) recorded an impressive growth of 9.2%, reaching a price of $370. This cryptocurrency stands out as one of the most successful tokens in the last few days, while others such as Monero (XMR) have seen a decline.
Regulatory progress: Binance secured three new licenses in Abu Dhabi, while Coinbase reopened registration in India. These steps indicate the expansion and strengthening of the presence of major crypto exchanges in the global market.
Market Analysis: Although the market is currently bullish, analysts warn that the correction could take several more months, with a predicted price range between $71,000 and $105,000 for Bitcoin in the coming months. Vitalik Buterin proposed the development of a futures market on the Ethereum network, which could further stabilize the market.
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Today in the world of cryptocurrencies, several significant events and trends are attracting attention:
Bitcoin recovers: Bitcoin rose 2.4% today, reaching a price of $91,532. This growth comes after the market capitalization of cryptocurrencies increased by 2.2%, reaching a total of $3.2 trillion. Around 90 of the 100 most popular cryptocurrencies have seen gains in the last 24 hours, indicating positive market dynamics.
Zcash on top of performance: Zcash (ZEC) recorded an impressive growth of 9.2%, reaching a price of $370. This cryptocurrency stands out as one of the most successful tokens in the last few days, while others such as Monero (XMR) have seen a decline.
Regulatory progress:
Binance secured three new licenses in Abu Dhabi, while Coinbase reopened registration in India. These steps indicate the expansion and strengthening of the presence of major crypto exchanges in the global market.
Market Analysis:
Although the market is currently bullish, analysts warn that the correction could take several more months, with a predicted price range between $71,000 and $105,000 for Bitcoin in the coming months. Vitalik Buterin proposed the development of a futures market on the Ethereum network, which could further stabilize the market.