Bitcoin Could Be Preparing for a Rally

The price of Bitcoin has risen to $71,500 and buyers continue to dominate the market. With the approaching Bitcoin block reward halving, investor motivation is increasing. The total market value of the cryptocurrency market is around $2.66 trillion, with a trading volume of $103 billion in the last 24 hours. Bitcoin’s market dominance stands at 52.3%. Value Increases in the Crypto Market Bitcoin’s weekly gain is recorded at 8%, while some altcoins have been observed to increase by around 15%. On the other hand, news of FTX founder Sam Bankman-Fried being sentenced to 25 years in prison is affecting the market. New Developments in the FTX Scandal The news of FTX scam mastermind Sam Bankman-Fried receiving a prison sentence is disturbing investors. The court stated that SBF deserved the prison sentence for serious crimes. Bankman-Fried’s defense tactics and allegations were not accepted by the court. On the other hand, important […]

Bitcoin Could Be Preparing for a Rally

The price of Bitcoin has risen to $71,500 and buyers continue to dominate the market. With the approaching Bitcoin block reward halving, investor motivation is increasing. The total market value of the cryptocurrency market is around $2.66 trillion, with a trading volume of $103 billion in the last 24 hours. Bitcoin’s market dominance stands at 52.3%.

Value Increases in the Crypto Market

Bitcoin’s weekly gain is recorded at 8%, while some altcoins have been observed to increase by around 15%. On the other hand, news of FTX founder Sam Bankman-Fried being sentenced to 25 years in prison is affecting the market.

New Developments in the FTX Scandal

The news of FTX scam mastermind Sam Bankman-Fried receiving a prison sentence is disturbing investors. The court stated that SBF deserved the prison sentence for serious crimes. Bankman-Fried’s defense tactics and allegations were not accepted by the court.

On the other hand, important economic developments such as Bitwise’s S-1 application for an Ethereum ETF, illicit transactions through Garantex, and U.S. GDP data could also influence the cryptocurrency market.

Increased market volatility is expected in the coming weekend and the final hours of March. Economic data and ETF entries will attract investors’ attention.

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how to buy crypto?
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