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Bitcoin and Ethereum Rises to The Highest in Two Months After A Huge Price Drop.
Price rise Both Bitcoin and Ethereum are recording huge price gains after experiencing the biggest price drop this year. The bear is reversing setting the market for a possibility of a sustained bull run. Though the gains are visible in both cryptocurrencies, Ethereum gains are higher in comparison to bitcoin. In its lowest, Ethereum fell below the $2000-dollar mark from the highest of its over $4000. On the other hand, the price of bitcoin fell below $30,000 after a high of over $60,000. The crypto market in general has added over $250 billion within the last few days. This indicates the level of optimism in the market. Rise of Bitcoin…
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Bitcoin Price Surges After Elon Musk Said Tesla will Resume Accepting it For Car Purchases
Bitcoin Price Surge Bitcoin price has surged over 12% in the last few days to hit above $38,000. Its highest price in the last 2 months. For the last few weeks, the cryptocurrency market has been on a bear trend. Coming a few days after the market had realized the highest price gain in history. During the drop, the price of bitcoin fell below $30,000 for the first time in a few months. However, the market seems to be reversing towards bullish terms. Bitcoin price gain has caused other cryptocurrencies to rise. This is because it is the market leader and any reaction causes a response across the market. Reasons…