- Bitcoin’s (BTC) current price is signaling to reach the $28K mark.
- The crypto market is back to the bullish stage again.
The sudden collapse in banks made a negative impact on the Stock market. The most active stocks like Dow Jones, S&P 500, and Russel 2000 index are facing a downfall in the market. At the same time, the crypto industry has been witnessing a bullish market after the great collapse.
Today the top cryptocurrencies are in green. The crypto market leader, Bitcoin price surged over 6.3%. At the time of writing, BTC’s trading price reached $27,441 with a 24.01% increase in trading volume in the last 24 hours. Stocks on the other hand have started a red day with a decline in Dow Jones by $384.57 (1.19%) in the last 24 hours.
Will Bitcoin History Repeat?
Following the path of Bitcoin, the first altcoin Ethereum (ETH) price also surged by over 6.2% in the last 24 hours. The trading price of ETH is around $1,808 according to CoinMarketCap. And every other coin is showing a green signal in the Crypto market. Almost four years ago to the day, Bitcoin witnessed a rise of $4000 in April 2019 to $16,000 in June 2019. If that repeats bitcoin may reach the $40,000 mark easily.
The bear era of the crypto market may move out more quickly than expected. Bitcoin might now join the safe asset list with the crypto market giving out green waves. And traders stated that the crypto market comes out from the bearish stage. The BTC price has just left the $27,000 mark and is getting to its next mark.
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