Why is the Crypto Market Up Today? — TradingView News

The wider crypto market, led by Bitcoin BTCUSDT, recorded a mild rebound on Friday, November 7. The total crypto market cap surged 4% to hover around $3.49 trillion at press time. 

Bitcoin price rebounded 3% to trade above $103.6k at press time. Ethereum ETHUSDT was up over 4% to trade around a crucial liquidity supply of about $3,446. 

Main Reasons Why the Crypto Market Surged Today

Selective Altcoin Surge: privacy-centric altcoins have outperformed the rest of the crypto market 

The crypto market recorded mild gains on Friday after several altcoins – led by NEAR, ZEC, and DASH – registered palpable gains during the past week. As such, renewed optimism for a potential altcoin season bolstered the mild crypto rebound on Friday.

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