Crypto Market Rally: Here’s Why Bitcoin, ETH, XRP, DOGE, SHIB Are Rising

Quick Summary:

In what seems to be a broader crypto market rally, Bitcoin (BTC) and altcoins have recouped from the selling pressure while seeing a sharp bounce today.Bitcoin (BTC) is up 5.4% moving all the way past $71,200 and less than 5% away from here to hit another all-time high level.

The token drew succor from an overnight rally in stocks and is continuing to “price in a Donald Trump election victory”.

Other top gainers within the altcoins space are Bitcoin Cash (BCH) gaining 8%, Avalanche (AVAX) up by 5.86%, Cardano (ADA) gaining 3.96%, etc.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price 24/7 Cryptocurrency News Altcoin news Ethereum (ETH) Crypto market rally US Election Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 04:20:25 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23318988

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

Coverage Areas: India

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