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📈 04/12 - Crypto Market Overview, Green Returns and Uptrend Continues
The crypto market today shows a solid recovery after the recent sharp decline. From a personal perspective, the uptrend is still intact, and this is just a normal correction phase within the uptrend.
1. Market Brightens
• Bitcoin (BTC) is up over 7% and surpassed $93,000, restoring market confidence.
• Ethereum (ETH) rose 7.12%, trading around $3,085.
• Altcoins like XRP, BNB, and LTC have also turned green again.
• Total market capitalization reached $3.13 trillion, with $171 billion in 24h trading volume.
2. Notable News
• The UK recognizes crypto as a legal asset, boosting long-term confidence.
• The SEC temporarily halts ProShares’ XRP-related ETF, with a minor impact on altcoins.
• Taiwan is about to issue its first stablecoin, a significant step in digital finance.
• China remains the third-largest BTC miner, despite previous bans.
3. Personal Perspective: Uptrend Remains
The recent drop hasn't changed the overall trend. The market is just “regaining momentum” after a heated rally. Liquidity remains solid, supportive news continues, and buying pressure has returned quickly.
#CryptoNews #Bitcoin #Ethereum #Altcoins #Web3 #Blockchain