Post FOMC Meeting: Bull Run Continues as BTC Hits 6-Week High

btc bull run

Recently, Bitcoin traded around the $23,000 mark. But in the last 24 hours, the crypto asset has recorded yet another 4+% gain as the crypto market continues its Bull run. BTC smashed the $24,000 resistance for the first time in over a week of ranging.

BTC’s uncertainties have forced several large institutions to sell more than 236K BTC in the last 2 months, resulting in massive selling pressure and ultimately pushing the price of the crypto asset down. But with the recent Bull run, it seems these effects are gradually waning.

Ethereum also recorded a considerable uptrend price movement, crossing the $1,700 mark for the first time since June. Other major cryptocurrencies have also followed suit, with the two largest assets going green with more than 20%.

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