- Crypto investors were delighted as Bitcoin hit the $50,000 milestone.
- More than 12 percent growth was seen in Shiba Inu (SHIB).
Cryptocurrency investors are preparing for the holidays by stocking up on their favorite coins. More than 12 percent growth was seen in Shiba Inu (SHIB) as Bitcoin passed the $50,000 milestone. According to CoinMarketCap, the total crypto market cap is currently $2.39 trillion, up 4.54 percent in the previous 24 hours.
Cryptocurrency investors delighted as Bitcoin hit the $50,000 milestone and Ethereum crossed the $4,100 mark ahead of Christmas. Trades were eagerly anticipating this Santa rally since the effort had been significant.
Trader sentiment has turned back into the positive area, according to Santiment, as Bitcoin has surpassed the $50,000 mark. Cryptocurrency markets have rebounded in recent days, with Shiba Inu and Algorand setting the pace. According to CoinMarketCap, Algorand’s price today is $1.59 USD with a 24-hour trading volume of $463,629,674 USD. Algorand is up 12.85% in the last 24 hours.
Role of Market Sentiment
Market sentiment refers to investors’ general feelings about a certain financial market or investment. An indicator of how a market or its participants feel about it may be seen in the activity and price movement of securities traded in that market. In general, increasing prices suggest a bullish market, whereas dropping prices signal a bearish market sentiment.
According to CoinMarketCap, Bitcoin price today is $51,102.53 USD with a 24-hour trading volume of $27,975,786,713 USD. Bitcoin is up 5.04% in the last 24 hours.
