BlackRockspurred by ETF application crypto- market, Binance BASEAnd SECwith the agreement between took a sigh of relief.
crypto market, 2023 Since the beginning of , almost all market activity has been carried out with the effect of news. The market, which fell in the negative news flow, found a lifeline with the news of various deals and initiatives. SEC by to BinanceAnd to Coinbase The lawsuit had plunged the crypto market into a massive decline. However, the world’s largest asset manager BlackRock’s ETF application became the lifeblood of the market. hot topic today Binance BASEAnd SECagreement paved the way for the upward movement of the market.
news feeds in the market, to altcoins 20 percentIt has created an uptrend above .
Altcoins Show a Strong Recovery
While the crypto market is on the rise after positive news flows, an average of 20 percent recovery was seen in altcoins. Some altcoinsdiverged and sat on the rising trend.
According to data from Coinglass, in the last 24 hoursapproximately 90 million dollars liquidation has taken place. While these liquidations were long trading weighted until yesterday, they shifted to short positions as of yesterday. 90 million dollarsapprox. liquidation 70 million dollars created short positions. The largest liquidations BTC, ETHAnd XRPtook place on the side.
The most rising popular altcoins of the day drew attention. Sui (which has recently entered the crypto market and garnered attention) SUI), day 20 percent It’s on a rise close to . yesterday average for $0.625r moving in price SUI, Today for $0.75 until it came. The popular cryptocurrency became one of the remarkable altcoins of the day. On the other hand, Frax Shares ( FXS) is spending the day with an increase of close to 17 percent. FXS, taking the news effect behind it, was included among the remarkable altcoins. of FXS team announced that they will launch their own decentralized smart contracts platform and blockchain. This news is FXS ‘revealed the upward trend.
Other prominent cryptocurrencies of the day are as follows;
- SafePal ( SFP), is spending the day with an increase of close to 18 percent.
- Acala ( ACA), is spending the day up more than 15 percent.
- TrueFi, spends the day with an increase of close to 15 percent.
Looking at the general view, BTC $26,500on and ETH to $1,740shows close mobility.
