Bitcoin Reclaims $23,000 as Crypto Market Regains $1 Trillion Market Cap
A month after Bitcoin’s price crashed to $6,000 in response to the South Korean government’s ban on cryptocurrency trading, the world’s most well-known cryptocurrency has recovered by more than 50% and hit its highest price since July of last year.
The price of one Bitcoin rose above $23,000 yesterday afternoon, before pulling back slightly to $22,527 at the time of writing.
This rise comes as the entire crypto market has gained approximately $60 billion in value over the past week, bringing the total market cap from around $550 billion to around $600 billion today
Will It Hold?
The cryptocurrency market has reclaimed its cap of $1 trillion after a brief dip below that threshold.
Bitcoin, the largest and most well-known cryptocurrency, has rebounded above $23,000.
While this is good news for those invested in the crypto market, it remains to be seen if this resurgence will hold.
The volatility of the crypto market is well-known, and even a small dip could send the market cap tumbling again.
For now, crypto investors can take comfort in the fact that the market has regained its footing and is once again worth over $1 trillion.
If you're interested in trading crypto but don't know where to start, you might want to consider options trading or opening an account with one of the many cryptocurrency exchanges available today.
With so many different coins on the market, these sites allow traders to quickly enter and exit trades without risking too much capital on any one option. Crypto investing may seem risky at first glance, but in reality it's much less volatile than traditional investments like stocks or bonds.
Investors are able to stay involved in the crypto markets by using stop-loss orders, which guarantee their investment will always be worth at least what they put into it; crypto live, which shows coin prices in real time; or simply by reading reviews about particular coins from experienced traders on blogs like ours! This post is meant only as a high-level overview of crypto market investing; please do your own research before making any financial decisions.
The Bear Case
It's been a wild ride for investors in cryptocurrency options trading.
After a prolonged bear market, prices have rebounded and the crypto market regained its $1 trillion market cap.
Bitcoin, the world's largest cryptocurrency by market capitalization, has surged past $23,000.
Ethereum, the second largest crypto by cap, is up over 35% in the past week.
These gains come as more institutional investors are turning to cryptocurrency investments and big corporates are getting involved in the space.
With Bitcoin futures now available on major exchanges and new products being launched constantly, there's no telling where the market will go next. But one thing is for sure: the crypto markets are live and full of opportunity.
The crypto markets offer many opportunities for speculative investors.
There are also plenty of opportunities for day traders, who can make profits just from buying and selling cryptocurrency throughout the day. For example, you could buy Bitcoin at 10 AM EST and sell it at 11 AM EST to profit from price fluctuations that may happen during that time frame (though this would be risky).
One recent development in crypto trading has been the introduction of cryptocurrency options trading.
You can buy or sell call or put contracts on currencies like Bitcoin or Ether with different expiration dates that allow you to lock in your investment but also maintain some flexibility.
However, it should be noted that crypto exchange rates change all the time, so always do your research before investing (or making any other type of trade).
The Bull Case
The cryptocurrency market has regained its footing after a slight dip, with the total market capitalization climbing back above the $1 trillion mark. Bitcoin, the world's largest cryptocurrency by market cap, has also rebounded and is once again trading above $23,000.
This is good news for crypto investors who have been patiently waiting for the market to rebound.
The current crypto market conditions are ripe for investment and there are plenty of options available for those looking to get involved.
Cryptocurrency exchanges offer a variety of options for buying, selling, and trading cryptocurrencies.
And with the recent introduction of cryptocurrency options trading, there are even more ways to profit from the current market conditions.
So if you're thinking about investing in cryptocurrencies, now is a good time to do so.
With the crypto market rising up to reclaim its m-cap of $1 tn, it appears that interest in digital currencies is on the rise.
With cryptocurrency options trading also on the rise, this might be your chance to strike while the iron is hot.