Bitcoin reclaims $93,000; altcoins rally up to 15%; 5 reasons why crypto market is flying high
Crypto market was on a roll-on Thursday as Bitcoin reclaimed $93,000 market, while other leading digital tokens soared up to 15 per cent during the day. The rise in the digital assets was on the back of weakness in the US dollar and positive comments from the Treasury Secretary Scott Bessent’s statement over US-China tussle, along with rising institutional demand.
According to the data from Coinmarketcap, Bitcoin soared 6.65 per cent to $93,847.25 on Wednesday. The total market capitalization of Bitcoin stood close to $1.85 trillion, while Bitcoins worth $56.5 billion were traded in the last 24 hours, a rise of over 50 per cent. The largest crypto asset is still nearly 15 per cent below its all-time high $1,09,114.88 hit in January…
