Crypto market bounces back with strong gains in the past 24 hours, driven by various factors. The total market capitalization has crossed the $3.87 trillion mark, indicating significant growth. Stay updated with the latest developments on InvestX.fr/en!
The crypto market has experienced significant growth over the past 24 hours, driven by multiple factors. The global market capitalization has surpassed the $3.87 trillion mark, demonstrating investors’ enthusiasm.
Bitcoin has reached $113,000, while Ethereum has climbed to $4,600. Certain altcoins like Hyperliquid have also distinguished themselves with impressive gains.
Several elements explain this unexpected rise in the crypto market. Among the main factors identified:
Nvidia, the global leader in artificial intelligence, has published record-breaking results. Historically, Nvidia’s performance has had a significant impact on both stock and crypto markets. Investors are therefore anticipating a positive reaction.
Investors remain optimistic about a potential interest rate cut by the U.S. Federal Reserve on September 17. Statements from Jerome Powell and John Williams, Fed officials, have fueled these hopes.
The derivatives market is also experiencing strong activity, with a notable increase in open interest for futures contracts. Meanwhile, liquidations have fallen by 72%, indicating a decrease in selling pressure.
Although the market is booming, it’s still too early to predict the sustainability of this uptrend. Violent rebounds followed by relapses have been observed recently, such as after Powell’s speech. Caution therefore remains necessary in this context of high volatility.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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